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Covered bond legislation considered after autumn recess Congress's decision not to include covered bonds in its financial reform has been met with disappointment. But many are confident of legislation later this year.

SEC’s 17g-5 rule is unclear at best The disclosure requirements imposed by the US Securities and Exchange Commission's (SEC) rule 17g-5 highlight the expanding gap between regulators' intentions and the practical implications of their rulemaking.

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.

Jem Li Na Wang On May 7 2010, China's State Council issued Opinions on Encouraging and Guiding the Healthy Development of Private Investments (the so-called New 36 Measures), under which private investment is encouraged in certain sectors, including infrastructure construction and operations (road and water transportation, civil airport, power and new energy, oil and gas, telecommunications, public facilities, policy-based housing), social affairs (medical and educational institutions, cultural, tourism and sport industries, financial institutions), trading (logistics, e-commerce) and national security related industry (R&D and manufacturing of products for military and civil uses) (the Opened Industries).

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

The enforceability of fraudulent transfer saving clauses remains uncertain

But the EU’s new model is unlikely to achieve its aims

A new set of model bond covenants has been opposed by European issuers. It’s easy to see why