Extraterritorial EU legislation likely to be ‘particularly onerous’ on Asia – Asifma
Extraterritorial aspects of European legislation such as Emir likely to be keenly felt by Asian firms, says Asifma
The extraterritorial aspects of various European Union (EU) regulations currently being implemented are likely to have a "particularly onerous effect on entities established in Asian jurisdictions", says the Asia Securities Industry & Financial Markets Association (Asifma).
Asifma today released an Asia-focused update to material examining the extraterritorial impact of EU and US legislation originally published in April 2012 by parent body, the Global Financial Markets Association.
The industry
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