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  • Unless Mofcom and the CSRC get their act together, red chip listings might run dry
  • Under the Serbian Law on the Securities Market and other Financial Instruments, banks that provide custody services are supervised by the Securities Commission, which issues licences to perform these services. Four banks in Serbia are licensed to provide custody services, some of which act as sub-custodians for global custody banks.
  • On December 8 2006, Japan's Trust Law was completely replaced by a new Trust Law (Law 108 of 2006), which will come into effect sometime before June 2008. It is the first big revision in decades.
  • The 2007 Financial Law (Law 296 of December 27 2006) sets out new guidelines for regions and local authorities when entering into derivative transactions, and includes new provisions to be followed for these transactions to be valid.
  • The FSA's action against a US equity salesman shows it is widening its net
  • The regional idiosyncrasies of real estate investment trusts in Europe
  • Distressed banks can be rescued more easily
  • Shareholders are now less likely to be convicted of coordinating their votes
  • A new GmbH Law is expected to come into force mid-2007. A variety of mandatory revisions must be implemented into a Swiss GmbH's articles over a two-year transition period. This compulsory overhaul might also lead to a general review of a GmbH's articles in light of various new corporate law planning opportunities. Some might even consider transforming existing Swiss share corporations (AG) into GmbH to benefit from certain corporate structures.
  • Isda revises interest rate and currency definitions The International Swaps and Derivatives Association has published new definitions for interest rate and currency derivative trades.