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Libor deadline approaches as jurisdictions ponder alternatives

The end of the London interbank offered rate (Libor)is in sight as various working groups in different industry sectors and geographic regions develop protocols to transition to new benchmark rates.

Indian commercial real estate sector gets boost from REIT rule changes

The Securities and Exchange Board of India (SEBI) has agreed to the further easing and simplifying regulations for real estate investment trusts (REITs).

Singapore regulator looks at extending transparency on short selling

The Monetary Authority of Singapore (MAS) is looking at introducing enhanced transparency on the level of short selling in securities listed on Singapore’s approved exchanges, according to a briefing paper by legal firm Sidley.

Hong Kong and Switzerland sign landmark deal to distribute public funds

Hong Kong and Switzerland have signed a memorandum of understanding (MoU) on mutual recognition of funds and asset managers.

China pilot green bond initiative launches on Shanghai exchange

China has launched a green bond pilot initiative on the Shanghai Stock Exchange. Green bonds are instruments for financing environmentally friendly propjets.

India changes offshore investment rules for alternative funds

The decision by India's market regulator to raise the amounts that local alternative funds can invest in offshore funds has been welcomed by participants.

Asean gives boost to cross border investment with publication of common prospectus rules

The financial authorities of Malaysia, Singapore and Thailand have published a handbook to encourage and speed-up cross-border investments under new rules for a common Association of Southeast Asian Nations (Asean) prospectus.

EU securities market authority recommendation to extend fund marketing passport disappoints many

The European Securities and Markets Authority (Esma) has decided to recommend extension of the coveted AIFMD marketing passport to only three non-EU jurisdictions. Several countries are less than happy with the decision.