Managers of Wealth Asia Pacific

Major financial advisory institutions continue refund programs for fees-for-no-service

These institutions' total compensation estimates for these advice delivery failures now stand at more than $204 million, plus interest.

Macquarie Group becomes latest ASIC target on foreign exchange

ASIC will appoint an independent consultant to assess the program and its implementation.

Senior ATO official tangled in $165m fraud scandal

It appears that his son has asked him to access some information potentially.

Hong Kong, China regulators approve 'Bond Connect' scheme

Plans for a "Bond Connect" programme have been in the works since Beijing launched a scheme allowing two-way trading between the Hong Kong and Shanghai stock markets in 2014, but the authorities have provided few details on the mechanics

DBS agrees China tie-up

Both parties are expected to work together to explore ways to improve cooperation in a number of areas.

SIV Asset Management slams bill claim

SIV was originally known as Aurora Funds Limited, before rebranding in 2016 to focus the business on the significant investor visa programme.

New Zealand’s leading legal tech conference gets underway

IT professionals and legal counsel from government agencies and corporate teams from across the country.

Ashurst renews China alliance for six more years

The renewal was signed by Ashurst chairman Ben Tidswell and Guantao managing partner Cui Liguo in Sydney last week.

Joko signs regulation giving tax authorities access to accounts at financial institutions

Indonesian President Joko Widodo signed the regulation as part of the country's pledge to join the AEOI initiative.

Anti-trust regulator fines Deutsche Bank, BNP Paribas

The company invited only Germany’s Deutsche Bank and France’s BNP Paribas.

Appleby advised China Everbright Greentech

This is the 15th Hong Kong listing Appleby has completed this year

Lawyers appointed first as Latitude Financial begins float preparations

KWM won out after a handful of the top tier corporate law firms spruiked their wares to Latitude's owners in March.

London And Hong Kong Cooperate

Under the agreement, the SFC and the FCA will cooperate on information sharing and referrals of innovative firms seeking to enter one another’s markets.

HK, UK regulators sign fintech agreement

Cooperation agreements are absolutely vital in fostering an environment of fintech innovation on a global scale.

Slater & Gordon to launch AU$1bn lawsuit

Watchstone informed the London Stock Exchange that it had been notified of Slater & Gordon’s intention.

SFC issues guidance on corporate transactions and the use of valuations

The guidance note emphasises that directors must act in good faith in the interests of the company and exercise due and reasonable care, skill and diligence when considering, proposing or approving corporate transactions.

China Central Bank Turning to Big Data for Financial Supervision

The central bank will step up use of measures such as big data, artificial intelligence and cloud computing to increase its capability to recognize, prevent and reduce cross-sector and cross-market financial risks.

Additional buyer's stamp duties does not apply to residential property purchased by charity

Consequent to its decision, the High Court ordered the Commissioner to refund the ABSD which was paid under protest by the Trustees.

Sebi fines 8 entities for disclosure lapses in IPO documents

These loans were taken just before the IPO and repaid immediately after the public issue.

BNM: Unethical behaviour in banking community will not be tolerated

Twenty three per cent of respondents observed that supervisors reward behaviour derived through unethical means.

Legal, Regulation & Compliance