Managers of Wealth Asia Pacific

Citigroup fined $45m for misleading clients

The regulator highlighted that this is pervasive dishonest behavior by the company

Revisions to HKEx Listing Rules: How these revisions impact Offshore Issuers

Under the revised listing regime, a unified approach is now adopted in terms of shareholder protection irrespective of the jurisdiction of incorporation of the issuer.

The Fifth Hong Kong-Switzerland Financial Dialogue

The Dialogue was chaired by Mr Edmond Lau

China revamps overseas listing rules

These concerns arose after the fallout over the Chinese ride-hailing app Didi’s initial public offering (‘IPO’) in late June 2021.

Banks push back against China's plan to curb foreign IPOs

They say the rules are vague and will expand Beijing's regulatory reach outside the country

Thailand to set out rules to limit the use of cryptocurrencies as a means for payment

Digital asset business operators have expanded their business to cover services related to the use of digital assets as a means of payment for goods and services.

MAS Monetary Policy Statement - January 2022

In its October 2021 Monetary Policy Statement, MAS shifted to a gradual appreciation path for the S$NEER policy band, from zero percent previously.

ASIC consults on proposals to remake relief for business introduction services

The relief provided under ASIC Corporations (Repeal and Transitional) Instrument 2017/186, which preserves the effect of CO 02/273, is due to expire on 1 April 2022.

Carey Olsen Asia pair named as leading lawyers in the Chinese market

Michael is the managing partner of Carey Olsen's Hong Kong office, and his practice primarily concentrates on the formation, operation and restructuring of private investment funds, predominately private equity and venture capital funds, and their re

End of an era? Hong Kong Court finds letters of no consent unconstitutional

The No Consent Regime as operated has hitherto provided a speedy and cost effective practical means of freezing funds in Hong Kong accounts

Walkers maintains double Tier 1 ranking in The Legal 500 Asia-Pacific 2022

In addition, Walkers' Hong Kong office has six lawyers ranked as 'Leading Individuals' and one lawyer ranked as a 'Next Generation Partner'.

Former Spaceship Capital CEO banned from providing financial services

The ban prevents Mr Bennetts from providing any financial service

ASIC embarks on regtech innovation initiative into poor market disclosure

In the next stage of the BRII Regtech Round, two of these regtechs may receive further grants of up to $1 million each to develop and test a proof of concept over a further 15 months.

Indonesia: Implementing regulation on Voluntary Disclosure Program issued

Applications to participate in the program must be made within the period 1 January through 30 June 2022.

MAS and ABS Announce Measures to Bolster the Security of Digital Banking

Banks will continue to work closely with MAS, the Singapore Police Force, and the Infocomm Media Development Authority (IMDA) to deal with this scourge of scams.

APRA updates reporting schedule for new operational risk reporting standard

The letter to industry and clean and marked up versions of the reporting standard are available on the APRA website at: Revisions to the capital framework for authorised deposit-taking institutions.

ASIC consults on revised ETP naming conventions

ASIC welcomes submissions on CP 356 from all interested parties by 3 March 2022.

APRA releases new frequently asked questions on the Superannuation Data Transformation project

The FAQs are available on the APRA website

Reliance joins calls for India to tighten marketplace rules -sources

Sign of growing rivalry between Reliance, Amazon -sources

Greenwashing risk could stymie China’s rise as world climate leader

All the pieces are in place for China to step forward as a global climate leader, but the country’s next steps could determine whether its ambitious targets bring about substantive change or fade away into greenwashing.

Legal, Regulation & Compliance