Managers of Wealth Asia Pacific

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.

Banking circles grapple over new chief selection

Choi Jong-ku, former chairman of the regulatory Financial Services Commission, had previously been deemed a plausible choice, but Choi declined to be named.

Credit Crisis Concerns Climb in China

The marquee bad debt headline was held by state-owned energy firm Yongcheng Coal & Electricity Holding Group, which defaulted on 1 billion yuan ($152 million) last Friday and sent coal miner bonds nationwide tumbling.

Singapore to run budget deficit into 2021 amid pandemic aid, says PM

Singapore was among the first in Asia to unveil massive stimulus, and in March sought to tap its national reserves for the first time since the global financial crisis.

RBNZ Consults on Implementation of Bank Capital Changes

The RBNZ is consulting on detailed rules on how it will implement the decisions.

One of Singapore's Best Law Firms 2021

Our local and international teams here are growing each year, covering not just Singapore and the US, but major jurisdictions like Australia, India and the UK.

Malaysia’s EPF to liquidate some assets after ten-fold jump in withdrawal limit

The number of members who will be eligible to make the withdrawals also jumps from around 600,000 previously to two million.

High Court grants bank creditors’ application to place Hyflux under judicial management

This means that the company’s current board, including founder-CEO Olivia Lum, will have to step down.

Legal, Regulation & Compliance