International Content

The Organisation for Economic Co-operation and Development (OECD) has released guidance regarding reporting and exchanging tax-related information on (1) crypto-asset transactions (under the Crypto-Asset Reporting Framework (CARF)) and (2) financial assets (under the updated Common...

On October 13, the International Organization of Securities Commissions (IOSCO) released a survey on index providers directed at asset managers and index providers, focused on examining the nature of the interactions between these two parties. Responses, which will remain anonymous to...

The Norwegian Tax Administration (NTA) has been denying claims filed by RICs for recovery of tax withheld in excess of the treaty-provided rate for Norwegian dividends.

On August 26, 2022, the Public Company Accounting Oversight Board (PCAOB) announced that it had signed a Statement of Protocol with the China Securities Regulatory Commission and the Ministry of Finance of the People's Republic of China regarding the PCAOB's ability to completely...

In June, the US Department of the Treasury ("Treasury") issued a notice and request for information (RFI) on the possibility of additional post-trade transparency of data for secondary transactions in Treasury securities.[1] On August 19, ICI filed a comment letter discussing member...

On August 12, the Commodity Futures Trading Commission (CFTC) adopted a final rule modifying the swap clearing requirements to reflect the market shift away from the London Interbank Offered Rate (LIBOR) and other Interbank Offered Rates (IBORs) in favor of alternative benchmark...

[34264] August 19, 2022 TO: ICI Members ICI Global Members Global Tax Committee Management Company Tax Subcommittee Tax Committee SUBJECTS: International/Global Tax RE: ICI Submission to OECD Requesting Clarifications to Asset Manager Exclusion from Pillar One Amount A The ICI has...

On 12 July 2022, Japan's Financial Services Agency (JFSA) published for public consultation a Code of Conduct for ESG Evaluation and Data Providers ("Draft Code of Conduct"), based on the recommendations of its technical committee on ESG evaluation and data providers ("Technical...

On 28 July 2022, the Monetary Authority of Singapore (MAS) published a circular on disclosure and reporting guidelines for retail ESG funds ("Circular"), following its industry consultation in January 2022.

ICI's response to the European Financial Reporting Advisory Group (EFRAG) on the European Sustainability Reporting Standards (ESRS) Exposure Drafts is attached.