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Commercial Bank Equity Custody Measures

The Measures for the Equity Custody for Commercial Banks (“Measures”), were adopted at the second chairman's meeting of China Banking and Insurance Regulatory Commission (“CBIRC”) on July 12, 2019. The main contents include the following two aspects:

- Mandatory Custody

- Content of Custody

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THE VARIABLE CAPITAL COMPANY (VCC) IN SINGAPORE

In further effort to augment the Fund Industry in Singapore, the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA) launched the Variable Capital Compan