AsianInvestor's regulatory roundup, May 14
HK, Singapore complete Fatca talks; insider traders face Hong Kong ban; Australia eyes deregulation; EU reconfirms transaction tax; HK issues product approval guidelines; US gives green light on OTC Clear.
Hong Kong/Singapore: Fatca deal talks wrap up
Hong Kong and Singapore – Asia’s two main financial centres outside Japan – have concluded talks on intergovernmental agreements (IGAs) with the US on its Foreign Account Tax Compliance Act. The pacts would help non-US foreign financial institutions comply with the anti-tax evasion regime.
The Hong Kong government said on May 9 that it had completed “substantial discussions” with the US Internal Revenue Service (IRS). It expects to si…
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