Global Content

On March 30, 2023, the HM Treasury released a consultation paper seeking feedback on the initial scope of a potential regulatory regime for ESG ratings providers. The HM Treasury intends to bring ESG ratings providers into the regulatory perimeter, under the oversight of the Financial...

On February 27, 2023, the China Securities Regulatory Commission (CSRC) finalized a set of cybersecurity and data security regulatory requirements (hereafter "the Administrative Measures") for the securities and futures sectors in response to China's three-pronged regulatory framework...

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 recently submitted the attached comment letters in response to consultations issued by HM Treasury and the Financial Conduct Authority (FCA) as the first step in the UK Government's process of establishing an alternative disclosure regime for the United Kingdom (UK) that...

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...