Asian regulators ease cross-border depository receipt rules

Asian regulators and exchanges have taken steps during the past couple of months to facilitate cross-border listings by corporates through American depository receipts (ADRs) in their bid to help them broaden the future source of funding.

In Taiwan, the Financial Supervisory Commission (FSC) made clarifications on Regulations Governing Investment in Securities by Overseas Chinese and Foreign Nationals, which govern the issuance of global depository receipts (GDRs) by Taiwanese companies and also