All posts tagged "related party transactions"
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409ChinaCSRC Issues Draft Rules for Private Equity Funds
The rules seek to address concerns that some private equity funds are being used as vehicles for public fundraising and qualified investor requirements are being circumvented.
September 17, 2020 -
612AML / KYCCBIRC Discloses List of ‘Illegal Shareholders’ of Banks, Insurers
20 of the 38 companies on the list are linked to either Baoshang Bank or Anbang Insurance, which both needed a state bailout in recent years.
July 7, 2020 -
539China
CSRC Bans Six Executives for Kangmei Pharma Accounting Fraud
The company and 21 of its employees have also been fined for using false documents and transaction records to inflate cash positions.
May 17, 2020 -
563Asia-PacificBSP Proposes New Reporting Requirements for Conglomerate-run Banks
Under draft rules, universal and commercial banks that are part of conglomerates will have to report information on all entities and assets in the conglomerate structure.
February 3, 2020 -
400AML / KYCSEBI Panel Proposes Tighter Norms for Related Party Transactions
Any member of the promoter group would be deemed a related party regardless of shareholding. Any shareholder with more than 20% of a listed company's shares would also be deemed a related party.
January 29, 2020 -
293Asia-Pacific
BSP Relaxes Requirements on Issuance of Debt Instruments
Related companies of issuing banks are allowed to underwrite or arrange LTNCTDs, bonds and commercial papers, subject to certain conditions.
December 3, 2019 -
351Capital RegulationCBIRC Proposes Higher Conduct Standards for Trust Companies
The CBIRC has issued draft rules cancelling the $1bn total asset threshold foreign FIs are currently required to meet to hold shares in domestic trust companies, among other revisions.
November 25, 2019 -
1.4KAustralia & NZEFS Reporting for Derivatives to Start in Q3 2020: APRA
APRA has determined that only ANZ, BNP Paribas, Citibank, CBA, Deutsche Bank, HSBC, JP Morgan, Macquarie, MUFG, NAB, Sumitomo Mitsui and Westpac will be required to report under ARS 722.0.
November 23, 2019 -
339Australia & NZAuditor Independence Still an Issue for Audit Quality: FMA
The key issues identified in the FMA's Audit Quality Report 2019 related to auditor independence, related party transactions, accounting estimates, and auditor response to fraud risk.
November 19, 2019 -
612Asia-PacificPhilippine SEC Proposes New Rules for REITs
The SEC hopes to develop a viable REIT market to provide funding for infrastructure projects and investment opportunities for local investors.
October 10, 2019
