02/14/2020
SMSF auditors in firing line
The regulator said he also issued an audit report in an incorrect form, and did not obtain signed financial statements.
Legal, Regulation & Compliance
02/13/2020
DIFC Welcomes Maybank
Currently, Maybank Islamic joins more than 2,300 active registered companies that have chosen the DIFC as their preferred location of choice
02/13/2020
Malaysia's largest Islamic bank launches first overseas branch in Dubai
With Dubai being a leading Islamic economic centre, it was timely for Maybank Islamic to be here to tap into the increasing demand for financing in the global halal economy"
02/13/2020
POBA and CalSTRS establish a US property-focused joint venture
A CalSTRS spokesperson verifying the report with Asia Asset Management, notes that CalSTRS began to work with POBA in 2018
02/12/2020
Tax exemptions granted for UAE sovereign infrastructure investments in India
In the future, other sectors may be identified for tax exemptions by the Indian government.
02/12/2020
Australia: Corporate residency rules; issues arising under sole-incorporation test
The Board of Taxation opened a consultation concerning potential reforms to the corporate tax residency rules.
02/12/2020
Creditors Swoop on Indian Tycoons’ Rolls Royce, Island Mansion
Some tycoons have held assets through arcane webs of holding companies, which has complicated creditors’ efforts to recover funds.
02/12/2020
CFSGAM exit helps CBA bottom line
CBA’s past problems with respect to the Prudential Inquiry were mentioned in the ASX announcement with the bank confirming it had submitted 107 of 173 milestones.
02/12/2020
SFC reprimands and fines BMI Securities, suspends its responsible officer
The SFC has also suspended BMISL’s responsible officer, Ms Maggie Tang Wing Chi, for five and a half months from 11 February 2020 to 25 July 2020 (Note 2).
02/12/2020
Industry fund introduces new fee
"This fee will apply to the pre-mixed investment options and single sector investment options (excluding cash)," the fund said.
02/12/2020
BIMB on track to complete listing status transfer to Bank Islam by August
The group is currently awaiting the relevant approvals from various regulators including BNM, SC and Bursa Malaysia
02/12/2020
QSuper member drags board to court, loses
The QSuper trustee in August 2011 said Chapman was not totally and permanently disabled.
02/12/2020
China: Introduction To The Economic Substance Act In The BVI
The ES Act requires a legal entity (a company or a limited partnership) that conducts relevant activities, as defined under section 6 of the ES Act, during a financial period 1 to comply with the economic substance requirements in relation to that activit
02/12/2020
AMP faces fresh class action
Woodsford has also bankrolled the class action against Colonial First State over "excessive" insurance premiums on super products, announced late last month.
02/11/2020
BIS Paper Identifies Sources of Regulatory Fragmentation in Banking
Varying practices in asset valuations may impact the measurement of banks’ regulatory capital, the paper says.
02/11/2020
MAS advises banks on extra measures amid virus outbreak
MAS is closely monitoring the 2019-nCoV situation
02/11/2020
Tender of 2-Year Exchange Fund Notes to be held on 19 February 2020
This is to roll over an issue of 2-year Exchange Fund Notes maturing on the same day.
02/11/2020
UBS AM leads in China onshore fund race
In total, UBS Asset Management has 10 private funds sold in the mainland.
02/11/2020
Another Strong Year At Appleby With Listing Deal Value Doubling Year On Year At HKD 15.8 Billion In 2019
Appleby acted as offshore counsel in listings on both the Main Board and the Growth Enterprise Market of the Hong Kong Stock Exchange.
02/11/2020
ACCC denies impropriety
Taylor is the first of the regulators staff to testify.