12/18/2023
Citi’s Onshore China Investment Bank Plans Delayed by Data Law
Citi targets to seek approval end of 2024 after tech buildout
Legal, Regulation & Compliance
12/15/2023
Conyers Recognised in Chambers Asia Pacific 2024 Guide with Four Ranked Lawyers
Four lawyers have been individually recognised for their expertise in this category.
12/13/2023
New rules for fund management companies in Singapore
An FMC must conduct substantive fund management activity for all its segregated mandates and funds.
12/13/2023
ASIC bans former Newcastle adviser for five years
On 6 December 2023, Mr Mink withdrew his application for stay and confidentiality orders.
12/12/2023
APRA moves to reinforce requirements for banks to manage interest rate risk
Larger and more complex banks are also required to hold capital against this risk.
12/12/2023
Financial Services and Credit Panel issues registration prohibition order against financial adviser
The FSCP makes administrative decisions on matters referred to it by ASIC that relate to the conduct of financial advisers.
12/11/2023
Philippines wants its workers in Malta protected against abuse
Agreement would ensure Filipinos experience ‘less exploitation and abuse’
12/07/2023
APRA maintains current macroprudential policy settings
APRA also considered the level of capital on bank balance sheets and the expected performance of their lending assets.
12/07/2023
ASIC intervenes to protect retail investors from high-risk offers and business practices
In response to this growth, the range of online trading providers offering trading in regulated investment products expanded.
12/06/2023
Full-steam Ahead for Mainland-Hong Kong Cooperation Mechanism to Recognise and Assist Insolvency Proceedings in Pilot Areas and Beyond
The petitioner then issued a summons to seek a letter of request for recognition and assistance pursuant to the Cooperation Mechanism.
12/01/2023
OCBC: First Bank to Go After Laundering Suspect
A court hearing for the case has been scheduled for December 1. Su has been held in remand since his arrest on August 15.
11/30/2023
Maples Group Advises First Game Development Company to List on Singapore Exchange
A team of lawyers based in the firm's Hong Kong office, led by Corporate Partner, Juno Huang and assisted by Associate, Janelle Ho acted as Cayman Islands counsel to Winking Studios.
11/30/2023
The Monetary Authority takes disciplinary action against CA Indosuez (Switzerland) SA, Hong Kong Branch for contraventions of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance
The Monetary Authority (MA) has imposed a pecuniary penalty of HK$3,500,000 against CAHK for contraventions of the AMLO.
11/30/2023
Bank of Korea extends rate pause, lifts inflation forecasts
The pause marks the seventh straight meeting at which officials have remained on the sidelines during this rate cycle
11/29/2023
HKMA-BIS High-Level Conference
The Conference is the first large-scale gathering of central bank governors in the city since the pandemic.
11/28/2023
Beijing police investigate major Chinese shadow bank Zhongzhi after it says it's insolvent
Police are investigating a Chinese wealth management company owned by Zhongzhi Enterprise Group days after the firm told investors it was insolvent
11/27/2023
The HKMA and banking sector support the launch of Anti-Deception Alliance to fight against fraud
ADA is the latest achievement in a long history of close public-private collaboration among the HKMA
11/24/2023
Hong Kong Monetary Authority and FSRA Join Forces to Enhance Local Data Exchange and Fintechs
Both the Hong Kong Monetary Authority and the FSRA hope to further promote inclusive and innovative financial services leveraging fintech and data in both markets.
11/22/2023
ASIC suspends licence of Suetonius Wealth Management
ASIC suspended Suetonius’s AFS licence to give the provider the opportunity to lodge its financial statements and audit reports.
11/17/2023
Appleby's Hong Kong Office Maintains strong presence in the Legal 500 asia pacific guide 2024
The team has also earned praise for their capabilities and exceptional responsiveness, as clients expressed their satisfaction with the legal services provided.