With the US IRS making FATCA registration and GIIN data public, compliance consultants are building business intelligence databases that CFOs and treasurers might be interested in.
Deadlines for FATCA submissions on 2014 data have been pushed back in Singapore, while compliance experts say the complexity of intergovernmental agreements (IGAs) will cause broader delays across Asia.
China has further simplified outbound and inbound investment regulation in China; Alibaba has been "ordered" out of Taiwan for disguising Chinese ownership of its Taiwan entity; The Reserve Bank of India has re-instituted a 2013 banned practice of allowing non-bank financials to issue unsecured bonds
China's State Administration of Taxation has broadened its definition of 'Chinese taxable property'; The Securities and Exchange Commission issued hedging disclosure policy rules for US-listed companies; and the Reserve Bank of India has issued instructions on building capital buffers for the banking sector.
The SEC has fined some of China’s largest auditors for failing to supply paperwork from US-listed Chinese companies. It underlines a longstanding stalemate, but not everyone believes the outcome is positive.