Furthermore, you will find an update of the European Commission which publishes legislative proposals after MiFID review. In the regulatory news part you will find some information from Ireland – the Central Bank of Ireland has published a revised consumer protection code. In Hong Kong there was published a consultation paper on the proposed regulatory regime for the over-the-counter derivatives. You will find a link at the end of the article where you can find the full text of the consultation paper.
The tax part will give you insights into an EU wide financial transaction tax which was proposed by the European Commission. Finally, we will give you information about the double tax treaty between Luxembourg and Barbados – the treaty entered into force for both contracting parties on 8 August 2011 and generally applies from 1 January 2012.
We wish you an interesting reading.