APAC glossary

Secondaries glossary — Asia-Pacific

Market-specific terms that come up when actually doing a secondary transaction across Asia-Pacific — regulators, corporate forms, and deal structures. For general secondaries vocabulary, see Secondaries Explained.

Singapore

MAS (Monetary Authority of Singapore)View term →Pte Ltd (Private Limited)View term →

Hong Kong

SFC (Securities and Futures Commission)View term →CSRC approvalView term →

Taiwan

FSC (Financial Supervisory Commission)View term →TWSE Innovation BoardView term →

Vietnam

SSC (State Securities Commission of Vietnam)View term →Foreign ownership limit (FOL)View term →

Thailand

SEC ThailandView term →Foreign Business ActView term →

Malaysia

SC Malaysia (Securities Commission Malaysia)View term →Sdn BhdView term →

India

SEBI (Securities and Exchange Board of India)View term →FEMA (Foreign Exchange Management Act)View term →Grey marketView term →

Australia

ASIC (Australian Securities and Investments Commission)View term →Employee Share Scheme (ESS)View term →

Japan

FSA (Financial Services Agency)View term →TOKYO PRO MarketView term →

Indonesia

OJK (Otoritas Jasa Keuangan)View term →PT PMA (foreign-owned company)View term →

Regional

GP-led continuation fundView term →Offer-for-sale (OFS)View term →Employee tender offerView term →Pre-IPO secondaryView term →Dry powderView term →