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A revised edition of the Code of Corporate Governance for Listed Companies, published by the China Securities Regulatory Commission, was issued earlier this year. A copy of the new Code is available here (Chinese, pdf). A copy in English has not yet been published by the CSRC but Glass Lewis have provided a short overview of the changes introduced in the new edition: see here. It is also worth noting that the Shanghai Stock Exchange amended its listing rules this year to require the establishment of audit committees by listed companies: see Article 3.1.6 in the revised rules, available here (English, pdf).

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The Insolvency (Amendment) (EU Exit) Regulations 2018 were laid in draft form before Parliament yesterday as part of the draft affirmative procedure: see here. The Regulations can be viewed here or here (pdf). They are made under section 8(1) of the European Union (Withdrawal) Act 2018 and make amendments to legislation in the field of cross-border insolvency in consequence of the UK's withdrawal from the European Union. A more detailed explanation of the amendments being made is available in the accompanying explanatory note: seeĀ here.

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HKEX has published the latest edition of its review of listed issuers' corporate governance practice disclosures: see here (pdf). The review surveyed 400 randomly selected issuers, exploring the extent of compliance with the provisions of the Corporate Governance Code. It is interesting to see that the provision of the Code with the lowest compliance rate - 64% - was A.2.1 which provides that the roles of chairman and chief executive should not be held by the same person.

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The Committee formed by the Ministry of Corporate Affairs to examine the regulatory framework and liability of audit firms, and to make reform recommendations, has published its report: see here (pdf). The Committee considered the role and powers of the new National Financial Reporting Authority, noting the delay in creating this new audit regulatory (Rules are still being made - see, e.g., those published earlier this week here, pdf).

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The Variable Capital Companies Act 2018 - setting out a new corporate form in Singapore for investment funds - received the President's assent on 31 October and has now been published in the Government Gazette: see here (pdf). A copy of the Act is also available on the Singapore Statutes Online website: see here.

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