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The release of draft legislation and launch of a pilot program for the Asia Region Funds Passport (ARFP) is a positive step in the initiative to facilitate cross-border distribution of funds between member jurisdictions. Importantly,

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The decision by the European Securities and Market’s Authority (ESMA) to extend the 3 January 2018 Legal Entity Identifier (LEI) deadline for six months, to support the smooth introduction of the requirements is

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Australian financial services entities including funds, brokers/traders and trustees of self-managed superannuation funds may be unable to transact with European counterparties from 3 January 2018 if they don’t yet have a Legal Entity Identifier

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