Jurisdictions

English language disclosures are now part of the Corporate Governance Code, and considered a key factor to boost foreign participation in Japanese markets.

Document fraud, tax evasion, money laundering and corruption are common components of pollution crimes, which often have a nexus with organised crime.

The new "Digital Assets Basic Act" is likely to adopt various measures from 13 bills already proposed by lawmakers and pending in the National Assembly.

Greenland Holdings has secured CNY 3 billion in loans. Yanggo Group will receive help from China Huarong Asset Management to restructure its debt.

Firms offering ESG products should expect to be subject to review to ensure marketing materials are not misleading.

Companies will have to start disclosing climate-related information including GHG emissions data in annual reports and prospectuses in 2024.

Under the proposed rules, large hedge funds and PE funds would have to report their crypto exposures for the first time.

The agenda sets out measures to ensure financial stability, encourage digital transformation, improve the capital markets, and introduce new regulations for digital assets.

The measures include enhanced disclosures for borrowers, consent-based data collection, a cooling-off period for online loans, and the establishment of a new SRO.

The JCBA and JVCEA are asking for income from crypto-asset transactions to be taxed separately at a rate of 20 percent, rather than together with other income.