08/17/2021
On pain of death
Central banks have historically been born of a need to raise finance for the governments they serve.
Legal, Regulation & Compliance
08/17/2021
Oliver Payne named leading offshore litigator by Asian Legal Business
He is also acting as Cayman counsel for FamilyMart China Holding, a minority shareholder of a joint venture company which operates over two thousand convenience stores in the PRC.
08/16/2021
An easy and convenient way to migrate funds to Hong Kong – Re-domiciliation option in the pipeline
Eligibility requirements for a LPF include having one general partner, at least one limited partner and an office in Hong Kong, whereas those for an OFC require at least two natural person directors, an investment manager licensed in Hong Kong and a custo
08/16/2021
ASIC prosecutes 124 people for failing to assist registered liquidators
Those prosecuted were involved in companies that went into liquidation and had registered liquidators appointed.
08/16/2021
CBA to publish misconduct notices for overcharging interest
CBA has been ordered to provide a proposed version of the audio-visual notice to the Court by 27 August 2021.
08/15/2021
China tightens scrutiny over IPO price-setting, punishes 19 institutions
SAC said regulators will strengthen supervision and step up penalties against misbehaviour to maintain order for IPO price-setting and protect investors.
08/13/2021
Are COVID vaccination directions coming to your workplace?
The work type tiers focus on levels of interaction between people in the workplace and the level of risk and consequences of infection.
08/13/2021
Linklaters advises Bank of China
Bank of China, through its London and Hong Kong SAR branches, priced £300m 2-year SONIA Index bonds and US$500m 3-year SOFR Index bonds, respectively.
08/13/2021
CSRC to Increase Scrutiny on Fund Manager Governance
A key objective for the CSRC is to improve the administration and “effectiveness” of institutional supervision, which it says should be scientific, professional, and continuous.
08/13/2021
HKEX to Launch of New Options on Futures Contracts
Participants should also ensure end clients understand the settlement mechanism and risk involved in the new products, and effectively communicate the differences between Options on Index and OOF products.
08/13/2021
Court declares Bank of Queensland used unfair contract terms
The Court declared the unfair terms void from the start of the contracts and ordered that the unfair terms be replaced with new, fair terms agreed by the parties.
08/13/2021
China expands anti-money laundering obligations
The new Measures are a significant development, demonstrating China's efforts to improve and enhance its anti-money laundering (AML) and counter-terrorist financing (CTF) regime.
08/13/2021
Carey Olsen pair named as top offshore litigators in Asia
Lawyers were selected based on the profile of their cases, client recommendations, and feedback from the market.
08/12/2021
ASIC’s approach to new laws reforming financial services sector
The benefits will increase over time as consumer outcomes become the focus and experience accrues.
08/12/2021
APRA finalises new approach to licensing and supervising new banks
The revised approach followed a review of APRA’s ADI licensing regime aimed at incorporating learnings since the launch of the Restricted ADI licensing pathway in 2018.
08/12/2021
APRA releases consultation on further updates to Reporting Standard ARS 720.1 ABS/RBA Loans and Finance Leases
ARS 720.1 currently collects data on impaired exposures, which will no longer be used in APS 220
08/12/2021
ASIC issues court action alleging unlicensed advice in relation to unregistered managed investment scheme
ASIC is seeking winding up and disqualification orders and the appointment of liquidators and receivers to secure assets of the alleged scheme.
08/12/2021
Ogier shortlisted for three ALB Hong Kong Law Awards 2021
The ALB Hong Kong Law Awards are the pre-eminent legal awards in Asia and honour the outstanding performance of private practitioners and in-house teams in the region.
08/11/2021
Reserve Bank warns Westpac over anti-money laundering system failures
This formal warning reflects the importance of the prescribed transaction reporting regime in building an intelligence picture across New Zealand’s financial system
08/11/2021
How much ASIC spent on its unmet advice needs project
ASIC would shortly publish a document which provided a high-level summary of key issues raised in the submissions and provides public transparency of the issues raised in response to CP 322;