Managers of Wealth Asia Pacific

ASIC suspends AFS Licence of Equitise Pty Ltd

Equitise may apply to the Administrative Appeals Tribunal for a review of ASIC’s decision.

HKMA and CBUAE deepen financial market co-operation between Hong Kong and UAE

Under the MOU, the two authorities have agreed to establish connectivity of the debt capital markets and the related financial market infrastructures between Hong Kong and the UAE,

Korea Said to Fine Barclays, Citi for Naked Short Selling

The final penalties by the SFC were roughly 80% lower than the fines proposed earlier by the Financial Supervisory Service as the commission deemed the banks’ violation of rules as unintentional

SFC and CSRC top management meet in Beijing

The two sides followed up on items of cooperation raised at November’s high-level meeting and explored ways to further strengthen regulatory cooperation, enhance the mutual market access scheme

ASIC sues crypto company Binance Australia Derivatives for consumer protection failures

Retail clients trading financial products, in this case, crypto derivative products, have important rights and consumer protections under Australian financial services laws.

Spanish Golden Visa Program Set for Potential Changes by 2025

This development creates a limited window of opportunity for individuals interested in securing a Spanish Golden Visa under the current regulations.

ASIC sues HSBC Australia alleging failures to adequately protect customers from scams

Between January 2020 and August 2024, HSBC received approximately 950 reports of unauthorised transactions, resulting in customer losses of about $23 million.

China’s woes drive shift to looser monetary policy

The announcement on 9 December builds on a series of stimulus measures rolled out by China in recent months.

Website and Internet Banking Login Screen Alert – Fraudulent website and internet banking login screen related to China CITIC Bank International Limited

The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions.

ASIC accepts court enforceable undertaking from Northern Territory pawnbroker for unlicensed credit

Lend NT and Ms Te Maro admitted that Lend NT contravened sections 29 and 32 of the National Credit Act by providing Drive Away Loans to consumers.

The Seventh Hong Kong-Switzerland Financial Dialogue

During the meeting, the representatives discussed regional and domestic outlook and policy challenges

ASIC signals ongoing work to maximise benefits of the reportable situations regime Background

We call on licensees to assess their own arrangements against the findings and prioritise where improvements may be required.

Ogier's Hong Kong team recognised for excellence in Legal 500's 2025 rankings

Among the team's key players, David Nelson is recognised as a Leading Partner for his vast knowledge of debt financing transactions and margin lending.

Promoting ongoing improvements in financial advice

Speech by ASIC Commissioner Alan Kirkland at the Financial Advice Association Australia (FAAA) Congress, 28 November 2024.

ASIC welcomes recent IOSCO reports outlining key developments for global market regulators

ASIC has played a significant role in developing the consultation reports in its role as chair of the Committee on Regulation of Market Intermediaries

HKMA Welcomes Launch of HKUST's InvestLM Generative A.I. Platform

This innovative platform aims to support the local financial services industry, particularly small-to-medium financial institutions, in harnessing the potential of Generative Artificial Intelligence (GenA.I.) technologies.

MAS issues Prohibition Orders against Mr Loh Sheng Yang for Cheating, Forgery and Acquiring Benefits of Criminal Conduct

This follows his conviction in the State Courts for cheating, forgery and acquiring benefits of criminal conduct.

ASIC update on maintenance of regulatory guides

To assist regulated entities in understanding the law, we publish updated regulatory guidance on an ongoing basis and this work will continue in 2025.

Appleby advises China Resources Building Materials Technology Holdings Limited on the registration and issuance of medium-term notes

The target subscribers for the 2024 First Tranche Medium Term Notes are institutional investors in the national inter-bank bond market of Mainland China.

Labuan IBFC wins Leading International Financial Centre (Asia Pacific) 2024 award

Labuan IBFC also made significant strides in expanding its international presence and facilitating greater collaboration across key markets.

Legal, Regulation & Compliance