Managers of Wealth Asia Pacific

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.

Allen & Overy advises UOB on the acquisition of Citigroup’s consumer business in four ASEAN countries

The franchise across the four markets comprises its unsecured and secured lending portfolios, wealth management and retail deposit businesses.

Statewide Superannuation to pay $4 million penalty for misleading correspondence to members

The Court also found that, in making these representations, Statewide breached its obligations as an Australian financial services licence holder to act efficiently, honestly and fairly and to comply with financial services laws.

BGC Partners pays $110,250 infringement notice

The Markets Disciplinary Panel noted that there had been previous compliance failures of this type by BGC Partners.

Harneys Hong Kong recognised as “an established and trusted law firm” in Legal 500 rankings

Harneys Hong Kong is a full-service offshore law firm offering award-winning litigation, restructuring, corporate, finance and funds advice in English, Mandarin, and Cantonese.

Harneys Singapore commended as “progressive, reliable and responsive” in Legal 500 rankings

Our teams are always ready to offer advice across different offshore structures and initiatives.

MAS Issues Guidelines to Discourage Cryptocurrency Trading by General Public

DPT service providers can only market or advertise on their own corporate websites, mobile applications or official social media accounts.

When the rubber hits the road – making insurance claims under the new reforms

ASIC received over 300 applications for a claims handling and settling service AFS licence authorisation in 2021.

Leading law firm for 14 areas in Asia Pacific in 2022 editions of Chambers Greater China and Legal 500

This closely follows our recent incredible showing in the Chambers Asia Pacific Guide 2022.

Top Tier ranking for Carey Olsen in The Legal 500 Asia-Pacific

Lawyers are also praised for their ability to 'work quickly and efficiently whilst maintaining the very high standards they have always had' as well as their 'extensive experience in handling BVI litigation proceedings'.

The Monetary Authority takes disciplinary action against 33 Financial Services Limited for contravention of the Payment Systems and Stored Value Facilities Ordinance

The Monetary Authority (MA) has reprimanded and ordered 33FS to pay a pecuniary penalty of HK$875,000 for contravening section 8Q of the PSSVFO as it failed to fulfil the minimum criterion relating to anti-money laundering and counter-terrorist financing

Legal, Regulation & Compliance