Asia Regulatory and Policy Committee Content

On 11 November 2024, the International Organization of Securities Commissions published two related consultations on liquidity risk management in open-end funds. Comments on both Consultations are due on 11 February 2025 and must be submitted by electronic form.

On 17 October, the Financial Stability Board (FSB) published a consultation report on a Format for Incident Reporting Exchange (FIRE). Responses to the Consultation are requested by 19 December 2024 and ICI plans to submit a response.

On July 18, 2024, the leaders of the Chinese government concluded its four-day 20th Third Plenary Session (also known as the "Third Plenum). Traditionally held every five years, the third plenums provide an outline of the broad reforms expected in the next political cycle, for example...

ICI submitted a response to the consultation launched by the Hong Kong ESG Ratings and Data Products Providers Voluntary Code of Conduct Working Group, sponsored by the Securities and Futures Commission on a draft voluntary code of conduct for ESG ratings and data product providers.

ICI crafted and coordinated a submission on behalf of global fund industry associations urging the Indian Government to enact legislation that would permit all foreign regulated funds to undergo tax neutral reorganizations with respect to Indian securities.

On March 6, 2024, the Securities and Exchange Commission adopted final rules on The Enhancement and Standardization of Climate-Related Disclosures for Investors. Following adoption, the Final Rules were subjected to a number of legal challenges. On April 4, 2024, the Commission issued...

ICI Global coordinated the nine national, regional, and global industry associations that made a submission to the Australian Treasury addressing concerns with an updated draft proposal to require large multinational enterprises (MNEs) to publicly report selected tax items on either a...

On March 6, 2024, the SEC voted 3-2, along party lines, to adopt final rules on The Enhancement and Standardization of Climate-Related Disclosures for Investors. The rules apply to public companies.

On January 24, 2024, the Hong Kong Monetary Authority (HKMA) released a circular amending the implementation arrangements for the Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area ("GBA Wealth Management Connect"). Effective from...

On December 20, 2023, the Financial Stability Board (FSB) and International Organization of Securities Commissions (IOSCO) each published final reports on liquidity risk management in open-ended funds (OEFs), following their respective July 2023 consultations on the subject.