Download Full Version in PDF Hong Kong’s Securities and Futures Commission (SFC) issued a circular on 31 October 2019 (“Circular”) clarifying its expectations of SFC-licensed corporations (“LCs”) utilising electronic data storage providers (“EDSPs”) to store or process records electronically. These include: the introduction of important new requirements (including approval requirements)…
The US Securities and Exchange Commission (SEC) Division of Enforcement recently issued its 2019 Annual Report (ENF Annual…
Our previous Alert of 28 October 2019 (see link) outlined why the Myer case is a landmark…
The EBA outsourcing guidelines came into effect on 30 September 2019. They are more prescriptive than the previous guidance and have a broader scope, applying to payment and e-money companies for the first time. All new outsourcing agreements entered into, reviewed or amended after 30 September 2019 should follow the…
Chinese government authorities have recently issued a series of policies and draft amendments to push forward the establishment…
Read publication Doing Business in the Philippines guide provides an introduction to selected aspects relating to investment and…
Recent Developments To implement Section 10 of Republic Act No. 11232 or the Revised Corporation Code of the Philippines (Revised Corporation Code),[1] the Securities and Exchange Commission (SEC) has issued Memorandum Circular No. 16 series of 2019 entitled: Guidelines on the Number and Qualifications of Incorporators under the Revised Corporation…
A new Minister of Public Works and Housing (“MOPWH”) regulation, Regulation No. 9 of 2019 on Guidelines for…
The High Court in Hlumisa Investment Holdings (RF) Limited and Another v Kirkins and Others (Hlumisa judgment), was…
Background The Companies (Amendment) Bill 2019 (“Bill”) was recently passed at the Dewan Rakyat on 10 July 2019 and will soon be tabled before the Dewan Negara for its approval. The five key amendments being introduced to the Companies Act 2016 (“Act”) under the Bill are as follows. 1. Execution…