International Content

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.

On January 17, the European Securities and Markets Authority (ESMA) published its fifth annual report on the costs and performance of European Union (EU) retail investment products. The report covers Undertakings for Collective Investment in Transferable Securities (UCITS), Retail...

[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...

In December, HM Treasury and the Financial Conduct Authority (FCA) each released a paper for consultation that is a step in the UK Government's process of establishing an alternative disclosure regime for the United Kingdom (UK) that fosters retail investor participation and repeals...

ICI Global submitted a response to the online questionnaire for the ESAs Call for Evidence on Better Understanding Greenwashing. The attached document reflects the answers we provided to select questions in the questionnaire.

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...

On December 19, 2022, the Japan Financial Services Agency (JFSA) published Partial Amendments to the "Comprehensive Supervisory Guidelines for Financial Instruments Business Operators, etc." (Draft Amendments). Comments on the Draft Amendments are due on January 27, 2023.

On December 15, 2022, Japan's Financial Services Agency (JFSA) released the final Code of Conduct for ESG Evaluation and Data Providers ("Code of Conduct"). The Code of Conduct includes six principles applicable to ESG evaluation and data providers, building upon the discussions...

EU Member States reached an agreement to implement the OECD Pillar Two proposal through the adoption of the EU Minimum Tax Directive. The Directive was adopted as part of a package along with aid to Ukraine and the disbursement of EU funding to Hungary.

On December 8, the European Securities and Markets Authority (ESMA) published a peer review report on National Competent Authorities' (NCAs) handling of firms' relocation to the European Union (EU) in the context of the United Kingdom's (UK) withdrawal from the EU.