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On June 29 2006, the National Assembly passed the Law on Real Estate Businesses, which then came into force on January 1 2007.

The Monetary Authority of Singapore (MAS) released details of changes to the capital adequacy requirements for Singapore-incorporated banks on February 8 2007.

In order to transpose and implement Directive 2006/48/EC from the European Parliament and Council relating to credit institutions, and Directive 2006/49/EC on the capital adequacy of investment firms and credit institutions, the Romanian government issued Ordinance 99/2006 on credit institutions and capital adequacy (GO 99/2006), which entered into force on January 1 2007.

In June 2003 the Swedish Parliament adopted changes to the Swedish insolvency legislation and the Swedish Floating Charges Act (Old Act).

On January 29 2007, the Ministry of Finance and Economy (MOFE) in Korea announced a proposed amendment to the regulations under the Credit Guarantee Fund Act, the Technology Credit Guarantee Fund Act and the Agricultural and Fisheries Business Credit Guarantee Act.

In an effort to address growing multiple debt problems in Japan; namely, social problems arising from increasing numbers of individuals owing money to multiple moneylenders, an amendment to the Money Lending Business Control and Regulation Law was passed by the Diet on December 13 2006 (Money Lending Amendments, Law 115 of 2006). The majority of the provisions will come into effect by December 19 2007. The Money Lending Amendments target not only the Money Lending Business Control and Regulation Law (which will be known as the Money Lending Business Law (MLBL) following the effective date of the Money Lending Amendments) but also the Law Concerning the Regulation of Receiving of Capital Subscription, Deposits and Interest on Deposits (LCRR), the Interest Control Law (ICL), and other laws concerning money lending businesses.

This is an overview of the Indonesian Constitutional Court's Judgment of Case No 024/PUU-I/2003, which looks like concluding that the Money Laundering Act remains constitutional.

The Finnish implementation of the Transparency Directive entered into force on February 15 2007. The implementation was carried out by introducing amendments to the provisions of the Finnish Securities Market Act (the SMA) regulating the regular disclosure obligations of issuers of publicly traded securities and the disclosure of major shareholdings in publicly traded companies, as well as by decrees issued by the Ministry of Finance specifying the same. In addition, the scope of the application of the SMA was amended to implement the home member state principle introduced in the Transparency Directive. It is, furthermore, expected that there will be amendments to the regulations and guidelines (standards) issued by the Finnish Financial Supervision Authority.

The use of employee stock option plans (ESOPs) in the Czech Republic as a kind of employee benefit is comparable to other developed countries. However, ESOPs are not specially regulated under Czech law. The Czech Securities Act and the Capital Markets Act must be applied.

In January 2007, the China Banking Regulatory Commission (CBRC) amended and restated its trust regulations and published the Administrative Measures For Trust Companies and the Administrative Measures For Collective Fund Trust Plan Of Trust Companies. While the new regulations retain the key concepts of the previous regulations, the CBRC believes that the new regulations will create a more favorable environment for trust companies to compete with their asset management peers in the banking, securities and insurance industries.