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Legal, Regulation & Compliance

12/22/2015

Seven Mainland and Hong Kong funds granted MRF status

The China Securities Regulatory Commission stated on its website that the bureau and the Securities and Futures Commission would continue to register other funds under the MRF in the future.

12/22/2015

ASIC takes no action against UBS over NSW power sale research scandal

The first was headlined "Bad for the budget, good for the state". In the second, issued four hours later, the headline was more upbeat "Good for the state".

12/22/2015

Regulator's 'no action ruling' on UBS has broader implications

The Australian Securities and Investments Commission has used the UBS case to set out a template for control of the research function in large, complex investment banking groups.

12/21/2015

Court’s winding-up ruling on Hong Kong’s Yung Kee goose restaurant sends signal to offshore companies

Legal experts say court order for restaurant’s parent company based in British Virgin Islands could lead to resolution of more disputes in city

12/21/2015

Chinese lawmakers to consider registration-based stock listing reform

Compared with the old system, the new one is more market-oriented

12/21/2015

UBS to take remedial steps after Australia regulator inquiry

ASIC was concerned that UBS Securities' control framework relating to its research function, and its compliance with that framework, at the relevant times was not adequate for an investment bank of UBS' size and complexity

12/21/2015

India to Sign Agreements With Singapore, UAE and Hong Kong to Get Information on Illegal Bank Accounts

The CBDT spokesperson further revealed that AEOI will help create an environment of transparency between 75 countries that have signed the MCAA

12/18/2015

ASIC bans former Macquarie adviser for market manipulation

This was likely to have the effect of creating an artificial price for trading in the affected MINIs on ASX.

12/17/2015

IAG New Zealand's licence cancellation a technicality

Insurance giant IAG New Zealand is reassuring customers about the cancellation of two of its insurance licences.

12/17/2015

Malaysia’s First Home Grown Reinsurance Broker gains approval from Lloyd’s

AFR Asia Pacific Ltd has been approved as Lloyd’s first registered broker in Malaysia, making it one of only 219 Lloyd’s registered brokers across the world

12/17/2015

A Stern Warning from the Supreme Court in England to Spouses who Hide their Assets - Withers

Implications for Hong Kong?

12/16/2015

Crunch Time for Indonesia Central Bank as Fed Prepares to Raise

Yet policy makers are signaling they are not ready.

12/16/2015

Doing Business in China: Unlock Investment Opportunities - King & Wood Mallesons

Emerging opportunities in e-commerce, finance and new ways to appeal to China’s increasingly sophisticated consumer base, are transforming the commercial landscape for investors.

12/16/2015

South Korean tycoon Lee Jay Hyun jailed for fraud, tax evasion

The court also handed down 25.2 billion won (S$30 million) in fines.

12/16/2015

Hong Kong Court refused to make a grant of administration ad colligenda bona for lack of special circumstances and special justification

The application related to the interests of the deceased in a BVI company called Five Star. Five Star held a substantial number of shares in Paladin, a listed Hong Kong company, which in turn owned a valuable property on the Peak (Peak Property).

12/16/2015

China takes important step to boost international co-operation against tax evasion

The G20 Leaders have repeatedly stressed their commitment to automatic exchange of information, most recently at their November meeting in Antalya, Turkey.

12/16/2015

US and Chinese Financial Intelligence Units sign Memorandum of Understanding to facilitate information sharing

Regulators are working more closely than ever before

12/16/2015

Former Bangkok Bank of Commerce executives get six years for cheats in 1996

Former BBC executives get six years for cheats in 1996

12/15/2015

Chinese Regulators Welcome New industry Association

This points to the streamlining and trimming of the existing regulatory framework.

12/15/2015

Myanmar central bank to grant new foreign bank licences

The licence will be for onshore wholesale banking through a branch, and a call for expressions of interest will be made in early 2016

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