Asia Regulatory and Policy Committee Content

In November 2022, the Kishida administration of Japan published the Doubling Asset-based Income Plan, an economic policy to increase household asset-based income, especially for the middle class, and promote investment in the financial market.

On March 15, 2023, the Securities and Futures Commission (SFC) provided guidance on how funds making Article 8 and 9 disclosures under the EU Sustainable Finance Disclosure Regulation (SFDR) that are authorized in Hong Kong should incorporate SFDR pre-contractual disclosure template...

On March 10, 2023, the first session of China's 14th National People's Congress approved a reform plan to reorganize Mainland China's financial regulatory bodies. Under the plan, the authorities will create a new regulatory body, the National Financial Regulatory Administration (NFRA)...

ICI Global coordinated the nine national, regional, and global industry associations that sent Indian Government officials the attached letters urgently requesting that the concessional 5% withholding tax rate on interest income paid to foreign portfolio investors (FPIs) be made...

On February 15, 2023, the Green Finance Industry Taskforce (GFIT), convened by the Monetary Authority of Singapore (MAS), published its third and final consultation on the proposed taxonomy for Singapore-based financial institutions ("Singapore Taxonomy"), seeking views on thresholds...

ICI Global submitted the attached response to a consultation from the Australian Treasury on the proposed design of a new climate-related financial disclosure regime for listed companies and financial institutions in Australia.

ICI Global submitted the attached response to a consultation from Japan Financial Services Agency (FSA) on proposed partial amendments to the comprehensive supervisory guidelines for financial business operators regarding ESG Investment Trusts. The proposed revisions seek to provide...

ICI Global submitted the attached letter to the Indian Government for consideration as they develop the 2023 Union Budget. The letter describes tax issues and proposes recommendations to address the global regulated fund industry's outstanding tax issues.

[34813] January 20, 2023 TO: ICI Global Members Global Regulated Funds Committee Global Regulated Funds Committee - Asia SUBJECTS: International/Global Operations Pension RE: Recent Development of China's Voluntary Private Pension Scheme China’s State Council released a high-level...

On December 12, 2022, the Australian Treasury released a consultation paper seeking initial feedback on the design and implementation of a new climate-related financial disclosure regime for listed entities and financial institutions in Australia. This climate disclosure framework...