Managers of Wealth Asia Pacific

Thailand regulator proposes mandatory ESG training for capital market participants

“The ESG-focused business practice and investment help to promote sustainable investment,” the SEC says in statement posted on its website.

March Market Turmoil Highlighted MMF Vulnerabilities: IOSCO

The MMF industry plays an important role in the real economy by supporting the short-term funding needs of banks

Philippine central bank pressured to cut rates again as growth outlook dims further

The central bank of the Philippines cut its policy rate by 25 bp as economic growth prospects worsen after a spate of typhoons

ASIC releases consumer research on insurance in super

There are over 20 million superannuation accounts and around half of these have life insurance attached.

Southeast Asia Virus Hotspots Indonesia, Philippines Cut Rates in Surprise

Recent gains in both currencies against the U.S. dollar helped create a window for additional easing.

Hong Kong Upgrades Family Office Ecosystem with Industry Body

It is against this background that FOAHK has been founded, with the vision to be the voice of family offices in Hong Kong.

China Bond Default Shock Prompts NAFMII Underwriter Probe

Yongcheng is said to be seeking investors’ agreement to extend the term of the bonds it is unable to repay, to avoid triggering defaults on a further CNY 26.5 billion of debt owed by the company and its parent.

China drafts new antitrust guideline for internet companies

China proposed an amendment to this law in January, including internet companies.

Singapore financial regulation fines increase by 68%

ndividuals for market abuse, financial misconduct, and control breaches related to money laundering.

Fidante signs on new partner

Protera Asia managing partner Tai Lin said Asia is forecasted to double its total spend on food over the next decade from around $5.5 trillion in 2020 to about $10 trillion by 2030.

FSB to Address NBFI Vulnerabilities as Key Priority in Year Ahead

The report highlights a number of areas where FSB members believe that additional investigation is warranted, including money market funds, liquidity risks in open-ended funds, margin dynamics, and bond market structure and liquidity.

New move on limited advice licenses amid ASIC review

ASIC on Tuesday kicked off the consultation process within its affordable advice review by issuing a consultation paper outlining a number of central questions.

ASIC’s Chester claims chair Shipton was 'opaque' on expenses

Chester also confirmed that a late set of documents provided to the ANAO in relation to the expenses issue had originated from Shipton’s personal computer.

SEC Rule Change Could Fuel Chinese Delistings

The new restrictions could take effect as soon as 2022.

ASIC consults on reference checking and information sharing protocol

ASIC has also prepared a draft information sheet to help licensees understand their reference checking and information sharing obligations.

The Need for Tranche 2 AML Reform in Australia

As recently as 12 November, the Australian Greens proposed an amendment to an AML Bill before the Senate to regulate lawyers, conveyancers, accountants, high-value dealers, real estate agents, trust and company service providers.

HKMA Consults on Local Implementation of Final Basel III Reforms

The consultation does not cover the revised market risk framework and the revised CVA framework, which will be addressed in a separate consultation.

Malaysia introduces framework for Islamic impact funds

Islamic funds with “waqf” features enable investors to participate in socially impactful activities.

Frydenberg’s tough message to regulators – you have enough powers

“Our regulators now have the tools they need to deliver on their mandate without needing to come to government with more requests,”

Appleby Advises Lumina Group

Lumina provides fire safety services in Hong Kong.

Legal, Regulation & Compliance