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Macau: New financial leasing rules

Within the framework of its overall goal of diversifying the local economy, the Macau SAR (MSAR) government aims to revitalise the financial leasing system. It has submitted a draft bill to the Legislative Council (LegCo) on a new regime for financial leasing companies, which will replace the existing Decree-Law 51/93/M of September 20.

October 17 2018

Philippines: New Personal Property Security Act

Republic Act 11057 or the Personal Property Security Act (PPSA) was signed into law on August 17 2018. It provides for new means and requirements for creating, perfecting, and registering security over personal property in the Philippines. The PPSA amended or repealed certain laws that are inconsistent with the new law. This includes those laws relating to the creation of pledges and chattel mortgages and the registration procedures for security interests over personal property in the Philippines.

October 17 2018

South Korea: Cryptocurrency multi-level marketing

In Korea, in order to carry out multi-level marketing activities, a company must be registered as a 'multi-level marketer' as specified in the Act on Door-to-Door Sales (Act) and fulfil the necessary conditions contained in the Act. In this regard, if a company sells a cryptocurrency issued in an initial coin offering (ICO) to several buyers/investors at multiple levels, it could be regarded as a multi-level marketing organisation as defined in the Act.

October 17 2018

Vietnam: New regulations on valuation of state-owned shares in a listed company

The mechanism for valuation of state-owned shares in a listed company in its sale (sale of shares) has been recently overhauled by Decree 32/2018/ND-CP and the Circular 59/2018/TT-BTC which have come into effect since May 1 2018 and September 1 2018, respectively.

October 17 2018

PRIMER: operational risk – prudential regulation perspective

Regulation and risk management expert Bozena Gulija examines how interest and resources have increased when it comes to this category of risk

Bozena Gulija, October 16 2018

How the Benchmarks Regulation will stifle growth

Administrators from outside the EU are already withdrawing from the continent. Users should prepare for the worst: the loss of hundreds of critical reference points

October 15 2018

JOBS Act Quick Start: A brief overview of the JOBS Act 2018 update

Download the PDF here

October 15 2018

Mifid II: banks diverge on target market reviews

The directive’s product governance framework is still causing headaches, with disagreements over when to conduct the reviews and how granular to be. Compliance teams are struggling with the concept of proportionality

October 11 2018

African SMEs need to focus on corporate governance

A lack of structure and standards is holding back the growth of the private sector in the region

John Crabb, October 11 2018

Banks slash AT1 teams as investor interest declines

Banks slash AT1 teams as market declines

Sources are concerned about the future of AT1s as firms cut back on their capital solutions teams after struggling to interest investors. Some hope that MREL will give it a much-needed boost

Sharon Kimathi, October 10 2018

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