In This Issue:

- UK Bribery Act 2010 – What It Means for the Financial Services Industry p. 1

- New U.S. Reporting Requirement Regarding Cross-Border Holdings p. 4

- Banking Regulatory Consequences for German Banks Holding Investment Funds p. 6

- Recent French Tax Instruction Renders French SICAV More Attractive to Non-Resident Investors p. 9

- News on the Regulatory Front in Luxembourg p. 11

- UK Remuneration Code – Poacher’s Paradise? p. 13

- Ireland Proposes a Voluntary Corporate Governance Code for Its Funds Industry p. 15

- Recent Developments in Chinese Securites Regulation p. 20

- Risky and Complex? Recent Trends in Investor Suitablity Regulation in Asia p. 22

- Upcoming and Recent Events p. 28