02/11/2022
Collective redress across the globe - Singapore
Representative actions remain a developing area of the law in Singapore.
Legal, Regulation & Compliance
02/10/2022
Managed investment schemes operator ordered into liquidation
The PE Capital Monthly Yield Fund and its three sub-funds and the PE Capital Master Fund were all registered, while the remaining schemes were unregistered.
02/10/2022
New listing regime for SPACs in Hong Kong – an offshore perspective
The new Hong Kong SPAC listing regime seeks a balance, introducing relatively stringent requirements for the quality of both listing candidates and also de-SPAC targets, addressing the commercial needs of SPAC sponsors whilst also raising the bar in terms
02/09/2022
IBF and MAS Set Out 12 Technical Skills and Competencies in Sustainable Finance
Thematic topics include climate change policy developments, natural capital, green taxonomies, carbon markets and decarbonisation strategies.
02/09/2022
Mercator : Key Regulatory Updates from 2021
Mercator by Citco continues to provide updates from across the entire set of jurisdictions that Mercator operates in to help keep our multinational clients informed and remain compliant.
02/08/2022
Ex-BofA Executive Loses Appeal in Hong Kong Police Case
The police officer later said he drew his baton in an attempt to apprehend a teenager who had jumped a turnstile.
02/07/2022
Only Goldman Banker Standing Trial for 1MDB Finally Headed to Court
Malaysia did not allow the film to be shown in the country, deeming it too risqué.
02/07/2022
Singapore: Combating dilatory conduct and non-participation in arbitration proceedings - The delicate balance
The use of dilatory tactics by recalcitrant parties is a common, if not expected, problem in arbitral proceedings.
02/06/2022
Philippine banks want more laws as cyber-crime losses mount
The bankers’ group is pushing to update a decade-old cybercrime law
02/04/2022
MAS-led Industry Consortium Publishes Assessment Methodologies for Responsible Use of AI by Financial Institutions
The Consortium also released an open-source toolkit [1] to help FIs adopt the Fairness Assessment Methodology.
02/04/2022
ASIC quarterly update October to December 2021
ASIC also focused on raising awareness of new and continuing regulatory obligations.
02/04/2022
A Framework for Equitable Sharing of Losses Arising from Scams
MAS is working with the industry to evaluate longer-term measures to be implemented in the coming months, as well as to develop a framework for equitable sharing of losses arising from scams.
02/03/2022
MAS and CSRC Advance Regulatory Collaboration
Both sides discussed the implementation of the capital markets collaboration initiatives announced at the recent 17th Joint Council for Bilateral Cooperation between Singapore and China held in December 2021.
02/03/2022
MAS to Combat Greenwashing in the Asset Management Industry
Managers of ESG funds in particular should consider implementing mechanisms to monitor compliance with stated investment objectives, including exposure limits for the funds sold.
02/02/2022
AIRA calls for greater disclosure of shareholder rights by investment facilitators
AIRA said this negatively impacted listed companies, limited their ability to communicate which affected long-term relationships and divided the level of information and reward across shareholders.
02/02/2022
Areas for improvement on ASX boards
It would also consider recommending a vote against the re-election of a board chair if the company had an all-male executive team.
02/02/2022
Outcome related fee structures proposed for Hong Kong arbitrations
In making the recommendations, the LRC has taken into account the significant demand for OFRS, as parties (ranging from impecunious ones, to sophisticated commercial entities) increasingly look for alternative fee-structures.
01/31/2022
OCBC Completes Goodwill Payouts to Phishing Victims
80 percent of the amount lost occurred between December 23 and 31, in a period that saw inquiries to the bank’s call center surge more than 40 percent.
01/31/2022
Indonesia to Balance Growth and Consumer Protection in Digital Transformation
OJK will soon roll out the technical regulations on insurtech in hopes of its initial goal
01/28/2022
Avoiding FAR duplication with ASIC and APRA
“We’ve got processes behind that system that automatically have that information disseminated through to ASIC as well and are both receiving the same information of the essentially at the same time.”