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  • The Volcker rule is coming. European and North American bank counsel speak anonymously – and candidly – about how they plan to comply with its covered fund provisions
  • The central bank is introducing measures to promote the use of local currency. But new hedging requirements could have unintended consequences
  • Nicaraguan Congress recently approved law 899, the Investment Companies Law, which was published in the official Gazette 76 (April 27 2015)
  • On March 9 2015, the Malaysian Securities Commission (SC) issued the Guidelines on Unlisted Capital Market Products (Guidelines) under the Lodge and Launch Framework (Framework)
  • Rainbow Insurance (RIC) had been providing insurance services in Mauritius. In 2004, the Financial Services Commission (FSC) carried out an inspection of RIC and finalised a report where it expressed major concerns over RIC's solvency
  • The same regulatory consideration that drove GE Capital to announce the sale of the bulk of its global assets will also drive who is eligible and willing to buy them
  • The Peruvian Banking Statute, issued in 1997, intended to regulate investment banking activities and established that a licence was required to conduct such activities in Peru
  • The Philippine Bureau of Internal Revenue (BIR) recently required the mandatory use of electronic tax return forms by the non-electronic Filing and Payment System
  • On February 18 2015, Qatar issued Law 1 of 2015, amending certain provisions of the Labour Law 14 of 2004
  • Recently, the Nigerian Securities and Exchange Commission (SEC) published the new Rules on the demutualisation of the country's securities exchanges, effectively moving away from non-profit member-owned mutual exchanges to investor-owned limited companies