03/15/2022
AMP welcomes Quality of Advice Review Terms of Reference
Banking
Legal, Regulation & Compliance
03/15/2022
Linklaters advises QIA on its investment into Singapore-based marketing tech company Insider
The transaction was led by Singapore-based private equity partner Robert Elliot.
03/14/2022
Banks will miss major deadline for real-time payment system upgrade
Reserve Bank governor Philip Lowe said three months ago he expected banks to hit PayTo deadlines.
03/13/2022
Financial Regulation Update
Global Update
03/11/2022
Mainland Regulator Bars Brokers from Hong Kong SPAC Promotion
Hong Kong approved the first application for a SPAC listing in January
03/11/2022
ASIC warns about financial viability of the Youpla Group
ASIC is concerned to ensure members of the relevant funeral funds and their representatives have up to date information to make informed decisions.
03/11/2022
Indonesia: Implementing guidelines for controlled foreign corporation rules issued
Indonesian taxpayers that are subject to CFC rules should refer to SE-55 for guidance on implementing those rules and assess whether they should revise previous annual income tax returns to align with SE-55.
03/10/2022
APRA releases new frequently asked questions on credit risk management
The FAQs page published today provides information to assist ADIs to interpret APS 220 and associated reporting standards.
03/10/2022
China Issues New Rules on Cybersecurity Review for Network Platform Operators Listing Abroad
Under the new rules Chinese NPOs holding more than 1 million individuals’ personal information must apply for a cybersecurity review prior to listing abroad.
03/10/2022
China Issues New Rules on Cybersecurity Review for Network Platform Operators Listing Abroad
Under the new rules Chinese NPOs holding more than 1 million individuals’ personal information must apply for a cybersecurity review prior to listing abroad.
03/09/2022
Maples Advises Amber Group
A team based in the international law firm's Hong Kong practice acted as Cayman Islands counsel to Amber Group, led by Partner, Everton Robertson and assisted by Associate, Jessica Zhan.
03/09/2022
Thai SEC teams up with the World Bank Group
Ms. Birgit Hansl, World Bank Country Manager for Thailand, said: “We are pleased to work with the Securities and Exchange Commission (SEC) on this exciting engagement on the topic of assessing the landscape of Thai securities businesses after COVID-
03/08/2022
APRA releases updated prudential standard to enhance management of reinsurance risks
Deputy Chair Helen Rowell said the finalisation of LPS 117 was a significant milestone that would strengthen APRA’s oversight of the life insurance industry.
03/08/2022
First Singapore Presidency of FATF – Senior Advisor (International) MHA T. Raja Kumar Appointed As The Next FATF President
The FATF also evaluates and monitors member jurisdictions to ensure they implement the FATF Standards fully and effectively.
03/08/2022
Sygnum Singapore secures in-principle approval to expand regulated activities
Singapore continues to be a welcoming destination for trusted financial institutions seeking to meet the growing demand for regulated digital asset financial services
03/07/2022
Cryptocurrencies are property, Singapore court rules, as it freezes US$7m in 'stolen' crypto
The judge also granted a worldwide mareva injunction that freezes up to US$7.09 million of the defendants' assets.
03/07/2022
ASIC acts against SMSF auditors involved in reciprocal audit arrangements
SMSF auditors have the right to appeal decisions ASIC makes in relation to them under the SIS Act.
03/07/2022
ASIC and APRA release joint letter on the implementation of retirement income covenant
RSE licensees are required to formulate a retirement income strategy by 1 July 2022
03/04/2022
ASIC disqualifies former security services director from managing corporations for five years
At the time of ASIC’s decision, the three companies owed unsecured creditors $332,303, including $106,781 owed to the ATO.
03/04/2022
Credit Suisse and IAG in Court Over Greensill
The insurer has denied liability, saying it sold its share of the unit in 2019, two years before Greensill collapsed.