Asia-Pacific

Singapore: Public consultation on proposed licensing scheme for collective management organisations

0
On 3 June 2020, the Ministry of Law ("MinLaw") and Intellectual Property Office of Singapore ("IPOS") launched a public consultation on "Proposed Licence Conditions and Code of Conduct for Collective Management Organisations" (the "Consultation Paper"). The proposed amendments follow from the responses received during the Copyright Collective Rights Management Ecosystem Public Consultation 2017, and forms part of the ongoing review of Singapore's copyright regime. It seeks to implement a regulatory framework for Collective Management Organisations ("CMOs"), which are currently unregulated.

Australia: New Sandbox Regulations Remove Client Number Limits and Broaden Scope of Products

0
New regulations to expand the regulatory sandbox for Fintechs have received royal assent and are set to commence 1 September 2020.The Regulations introduce a...

Australia: Big Shake-up Planned for Australia’s Carbon Market

0
The Commonwealth Government has accepted a number of recommendations from the King Review of Australia's Emissions Reduction Fund (ERF) that would incentivise abatement opportunities...

FREE WEBINAR – PCI PIN Security Requirements & Applicability

0
Today with the increase in online transactions, we have also been witnessing a huge spike in cyber crimes. It is therefore essential to secure...

Indonesia: Expansion of Tax Incentives in Relation to COVID-19

0
The government has expanded the tax incentives given to taxpayers that are affected by COVID-19. Some taxpayers that were not entitled to tax incentives under Minister of Finance Regulation No. 23/PMK.03/2020 ("MOF Regulation 23") may now enjoy those tax incentives under Minister of Finance Regulation No. 44/PMK.03/2020 ("MOF Regulation 44"). The government has also expanded the types of tax for which tax incentives are given. MOF Regulation 44, which revokes MOF Regulation 23, came into force on 27 April. The Directorate General of Taxation has also issued Circular Letter No. SE29/PJ/2020 on 30 April 2020 as an implementing regulation of MOF Regulation 44.

Malaysia: COVID-19 – Client Alert – Tax Highlights of the National Economic Recovery Policy...

0
In brief The Prime Minister of Malaysia unveiled the National Economic Recovery Plan, also known as the Pelan Jana Semula Ekonomi Negara ("PENJANA") on 5...

Hong Kong: Does your company have an effective whistle-blowing program? What Hong Kong companies...

0
Whistle-blowers have been a prominent feature of the ongoing COVID-19 crisis. From the medics across the globe who have blown the whistle on supply shortages, misleading information regarding effective treatments and risk measures, whistle-blowers have been a vital source of information during the pandemic. Companies have also been challenged with increasing numbers of whistle-blowing reports during this period in areas including fraud, corruption and harassment.  Although there is no comprehensive law in Hong Kong requiring companies to implement a whistleblowing policy and procedure, it is a best practice component to any compliance program and an essential tool to combat internal misconduct and to ensure compliance with laws and regulations.

Vietnam: Fintech regulatory landscape in Vietnam

0
Financial technology, or fintech, has been transforming a wide range of financial services, receiving warm- welcomes by a fast growing number of adopters and attracting hundreds of billions of USD in global investment value in recent years. As at 30 September 2019, from only 0.4% in 2018, Vietnam rose to rank second in ASEAN in terms of fintech funding, attracting 36% of the regional investment, second only to Singapore with 51%. However, the financial areas transformed by fintech are quite limited, with 98% of the funding concentrated in the payment sector and 1% in blockchain tech related, according to a joint report by United Overseas Bank (UOB), PricewaterhouseCoopers (PwC) and (Singapore FinTech Association) SFA.  Vietnam is still considered as having limited fintech activities and remains an unlikely home base of choice for fintech firms. One of the factors largely impacting the local fintech growth include an unprepared regulatory framework where regulations mostly evolve around fintech in the payment industry.

Australia: COVID-19 – Recent continuous disclosure changes – What do they really do

0
The recent changes to continuous disclosure  obligations under the Corporations Act  have been welcomed by listed companies and their boards but don’t go as far as their stated purpose in the press release accompanying the legislative instrument implementing the changes, so companies will still need to be very careful in providing guidance or making other disclosures to the market.
Use PCI DSS To Achieve GDPR

How To Use PCI DSS To Achieve GDPR Compliance?

0
With the GDPR (General Data Protection Regulation) now in effect, businesses across the EU are obliged to follow the regulation and compliant when it...
Send this to a friend