02/17/2021
Carey Olsen Singapore advises CN Energy on Nasdaq listing
The IPO raised US$20 million for the China-based manufacturer and supplier of wood-based activated carbon and a producer of biomass electricity.
Legal, Regulation & Compliance
02/17/2021
Carey Olsen Singapore advises CN Energy on Nasdaq listing
Lawyers from Carey Olsen's corporate team in Singapore have advised on the initial public offering of CN Energy Group. Inc. on the Nasdaq Capital Market.
02/16/2021
CSRC Targets ‘Shadow Shareholders’ in New Guidelines
The latest guidelines restrict surprise share purchases before going public and abnormal share purchase prices
02/16/2021
Philippines: New antimoney-laundering rules to focus on riskier institutions
An enhancement to the existing Anti-Money Laundering Risk Rating System, MRAS uses a four-point rating scale—high, above average, moderate and low—in evaluating a BSP-supervised financial institution’s money-laundering risk profile.
02/16/2021
Conversation with ASIC: AFIA Risk Summit
A speech by ASIC Commissioner, Sean Hughes, to the Australian Finance Industry Association (AFIA) Risk Summit, Tuesday 16 February 2021.
02/16/2021
21-025MR CBA liable for overcharged interest – Royal Commission case study
The total overcharged interest exceeded $2.2 million. ASIC considers that CBA’s conduct in this matter, which was examined in detail during the Financial Services Royal Commission, resulted from inadequate systems and processes (20-305MR).
02/15/2021
S. Korea’s central bank faces key changes to role in digital era
Bank of Korea under pressure to tackle digital currency development, payment settlement oversight and mandate issues
02/15/2021
Hong Kong plans stricter money laundering checks on Chinese officials
Territory’s banks will have to monitor transactions by politically connected mainlanders
02/15/2021
HKMA Raises Expectations for Bank Codes of Conduct
The revised SPM also enhances the role of senior management oversight in implementing the Code of Conduct, and fostering and maintaining ethical standards and expected values set by the Board throughout the bank.
02/15/2021
RBI Limits Investment in NBFCs from FATF Non-compliant Jurisdictions
Existing investors in NBFCs may continue with their investments and bring in additional investment to support continuity of business in India.
02/12/2021
ASIC 'very supportive' of quality limited advice
Falinski referred to limited personal advice as being a “very dangerous form of advice” and suggested it was doing consumer harm and asked what action ASIC was taking to shut it down.
02/12/2021
Hong Kong trade pact pushed
According to Mrs Auramon, Thai exporters are entitled to myriad benefits from the pact, notably for trade in goods for which Hong Kong has already waived customs duties.
02/12/2021
Aecurities aSEC takes off Strategic Plan 2021-2023 using 8 key strategies to achieve 5 goals for stronger capital marketnd Exchange Commission
SEC has also taken into consideration the megatrends and views of stakeholders in all areas to further develop the Thai capital market.
02/12/2021
BSP Lowers Minimum Balance for Investment Management Accounts
The central bank additionally has reduced the required investment per management account in a commingled fund from PHP 1 million to PHP 100,000.
02/12/2021
Progress in the handling of banking complaints by HKMA
A table summarising the progress made in the handling of banking complaints by the HKMA is attached.
02/12/2021
Ponzi schemer succeeds at appeal
The court of appeal found that evidence from two witnesses should not have been admitted at his trial.
02/12/2021
Over 40 Firms Parties to Apply for Digital Bank Licence: BNM
At least five banks – CIMB, Affin Bank, Hong Leong Bank, AMMB Holdings and Standard Chartered – have also signalled their interest in pursuing a licence.
02/12/2021
ASIC permanently bans former Sydney financial adviser
ASIC determined that a permanent ban from the provision of financial services was appropriate given the Court’s findings.
02/12/2021
The RBA could increase its QE program at any time
There is nothing stopping Martin Place tweaking the size of the program at any time, just as it did with the Term Funding Facility in September 2020.
02/11/2021
Taiwan’s BLF bans firms from mandates after corruption charge, to end contracts
The BLF says it has sacked Yu and is demanding compensation from the three firms.