MAS responds to feedback. The Monetary Authority of Singapore (MAS) published its “Response to Feedback Received - Public Consultation on Guidelines on Good Drafting Practices for Prospectuses.” (7/7/2015)
Singapore proposes merger and acquisition amendments. Singapore’s Securities Industry Council issued a consultation paper on proposed amendments to the Singapore Code on Take-overs and Mergers. Comments should be submitted by August 6, 2015. (7/6/2015) MAS press release.
MAS responds to REIT feedback. The MAS has refined its proposals to strengthen the real estate investment trusts (REIT) market, in response to industry feedback. In issuing its response to feedback on its October 9, 2014, consultation paper, MAS said it would implement measures to accord REIT unitholders better protection and greater accountability while providing REIT Managers increased operational flexibility. (7/2/2015) MAS press release.
ASIC review of financial reports. The Australian Securities & Investments Commission (ASIC) published the results of its review of financial reports of 100 listed and other public interest entities. ASIC has made inquiries of 23 entities on 36 matters seeking explanations of accounting treatments. The largest number of findings continued to relate to impairment of non-financial assets and inappropriate accounting treatments. (7/2/2015) ASIC press release.
Australian hedge fund report. The ASIC published its hedge fund report. (7/1/2015) ASIC press release.
Singapore consults on mandatory central clearing. The MAS issued for consultation proposed regulations for central clearing of over-the-counter derivative contracts. Comments should be submitted by July 31, 2015. (7/1/2015) MAS press release.
Singapore consults on investment-linked policies. The MAS is consulting on proposed enhancements to the disclosure regime for investment-linked policies, which are life insurance policies that provide both protection and investment benefits. Comments should be submitted by July 31, 2015. (6/26/2015) Consultation paper.
Hong Kong SFC opposes weighted voting rights proposal. The Hong Kong Securities and Futures Commission (SFC) issued a statement explaining why it does not support the Stock Exchange of Hong Kong Limited’s proposal on weighted voting rights. (6/25/2015) SFC press release.
Singapore consults on resolution regime. The MAS is consulting on proposed enhancements to the resolution regime for financial institutions. Comments should be submitted by July 22, 2015. (6/23/2015) Consultation paper.