Page 6 - Citi Depositary Receipts Year-End 2014 report

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Global DR Trends
“India and Taiwan have amended regulations
to permit the creation of over-the-counter
(OTC) ADR programs; this will allow issuers
to access incremental pools of capital and
facilitate flows into the local capital markets.”
Scott Pollak
Global Products and Capital Markets Solutions Head
Citi Depositary Receipt Services