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Ross Munro The BVI Financial Services Commission (FSC) recently concluded public consultation on the draft Public Funds Code 2010, which is likely to be enforced later this year or early 2011. The Code will apply to all public funds registered under the Securities and Investment Business Act, 2010 (Siba). The Code is intended to make the BVI's regulatory and supervisory environment more attuned to the new standards called for by the likes of the G20, IMF and Iosco.

Rules must be clarified for suspicious activity in cross-border transactions

New bond structures are starting to reappear across markets, with precedent-setting deals dominating central and Eastern Europe and Asia

The first auto-loan securitisation in the Middle East has closed thanks to an innovative dual-SPV structure. The deal is based on a pool of auto-loans put together by Emirates NBD and guaranteed by the Japan Bank for International Cooperation (JBIC), encouraging Asian investors to embrace the first-time issuer.

A call to arms for in-house to be more proactive European in-house must engage more with regulators to ensure their banks' business models and practices are fully understood, or risk supervision that is ineffective and restrictive.

The future home of Ucits funds, clearly Malta is set to be the big winner of the EU's Ucits IV legislation package released in July.

In a warning to sponsors and listing applicants, Hong Kong's Securities and Futures Commission (SFC) has criticised inadequate standards of diligence and disclosure on initial public offerings (IPOs). But some argue the regulator must go further.

Could these compromise due diligence? Chinese listing applicants are increasingly demanding commitment letters from their Hong Kong sponsors, potentially compromising the due diligence done on initial public offerings (IPOs) in Hong Kong.

Sandeep Parekh The summer has been quiet, with just a handful of moves in Asia's lateral market. A new firm has emerged in India, headed up by a former executive director of legal affairs and enforcement at the Securities and Exchange Board of India. Sandeep Parekh has established boutique financial outfit Finsec Law Advisors along with senior advisor KD Zacharias, the former legal head of the Reserve Bank of India. Bangalore-based private-equity specialist Kartik Ganapathy has traded Nishith Desai for Indus Law, where he joins the M&A group.

Alexei Knyazhev and Ethan Heinz of Salans explain how recent legislative changes have affected structuring foreign investment in Russia