Recommendation 1 Recommendation 2 Recommendation 3 Recommendation 4

Recommendation 5 Recommendation 6 Recommendation 7 Recommendation 8

Market selection

Recommendation 7

Investor compliance with the laws and regulations in the home countries of their investments should be part of their regulators' due diligence process. They, in turn, should be treated equitably in the home country of their investments especially in respect to their rights to shareholder benefits and concessionary arrangements under double tax agreements.

1.	Do domestic regulators monitor the procedures in place at their locally based cross-border custodians to assure compliance with the laws and regulations of the home countries of their investments?	No.
2.	What are the areas (e.g. benefits, investor compensation) where foreign investors are not treated in the same way as local investors?	Foreign investors as well as local investors have the same treatment.
3.	Can sales proceeds and income be repatriated without any restrictions?	Yes, it may be repatriated without any restrictions, as long as it is linked to a securities transaction
4.	Are double tax agreements simple to apply, and do foreign investors receive promptly their full entitlement to dividends and interest payments?	When double taxation Treaties apply, investors will enjoy of a withholding tax rate reduction. The impact of double taxation treaties and their application procedures on dividend tax withholding is still unknown. Taxation on dividends will begin on year 2002.