08/06/2021
The funds reviewed were chosen to ensure a mix of industry, retail, corporate and public sector funds and collectively hold approximately $1trillion in funds under management (FUM).
08/06/2021
This includes $620.9 million paid or offered by the institutions between 1 January to 30 June 2021
08/05/2021
Regulators plan to introduce a new verification framework.
08/05/2021
An important element of Keepwell Deed is that the Chinese parent company undertakes obligations to its subsidiaries.
08/05/2021
China-based companies must make VIE structure clear to investors, disclose whether China has granted permission to list in U.S., delisting risks under U.S. law
08/04/2021
The SFC’s investigation found that between May 2004 and May 2018
08/04/2021
The bank claimed that its monetary policy would be flexible, targeted, reasonable and appropriate.
08/02/2021
ASIC alleges AMP received over $600,000 in advice fees from affected customer accounts.
08/02/2021
Winners of the ALB Hong Kong Law Awards 2021 will be announced during a virtual ceremony on Friday 10 September.
08/02/2021
We believe that it is important to acknowledge that China’s version of capitalism and opening up of capital markets will look very different to the models in the West.
08/02/2021
Foreign funds invest in Indonesia’s new sovereign wealth fund
Indonesian companies including BPJS Employment and Taspen have already shown interest in investing in the fund.
08/02/2021
Knowingly providing false or misleading information to ASIC was an offence under section 1308(2) of the Corporations Act.
08/02/2021
Court finds RI Advice liable for failing to supervise financial adviser following ASIC investigation
The Court had previously made declarations that Mr Doyle had breached his best interests obligations by giving inappropriate advice and failing to put his clients’ interests first. At the time, Mr Doyle was an authorised representative of RI Advice.
08/02/2021
ASIC sues General Commercial and Eden Capital for failure to cooperate with AFCA
ASIC also alleges General Commercial and Eden Capital’s conduct amounted to a breach of their obligations as credit licensees to act, efficiently, honestly and fairly.
08/02/2021
REP 696 also sets out residual gaps and areas where improvements are still needed, particularly in the ability of insurers and trustees to use data to improve both product design and claims handling.
08/02/2021
The award recognises exceptional contributions made by an international IWIRC member.
07/30/2021
The Memorandum of Understanding provides a framework for cooperation between the two authorities with respect to promoting innovation in financial services.
07/30/2021
‘ASIC will continue to work to ensure trustees comply with their obligations to properly monitor the promotion of their products by outsourced service providers.’
07/30/2021
The HKMA wishes to remind the public that banks will not send SMS or e-mails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions.
07/29/2021
After China clamped down on internet platforms – most notably by requiring prospective foreign listings by such firms to undergo a data security review for approval – the education sector has become the latest target.