07/09/2021
ASIC and Dixon Advisory enter conditional agreement to resolve ASIC civil penalty action
ASIC will provide further comment after the matter has been determined by the Court.
Legal, Regulation & Compliance
07/09/2021
Canadian Securities Regulators Sign Innovative Functions Co-Operation Agreement with The Securities and Futures Commission of Hong Kong
The agreement extends the work of the CSA Regulatory Sandbox Initiative and of the SFC Fintech Contact Point.
07/08/2021
What is "greenwashing" and what are its potential threats
ASIC’s review of the extent to which greenwashing may be evident in the funds management space follows on from our review of climate risk disclosures by large listed companies.
07/08/2021
KWM helps Endeavour Group focus on future with successful demerger
KWM advised Endeavour Group on all aspects of the demerger.
07/08/2021
Monetary Authority of Singapore and Banque de France Break New Ground in CBDC Experimentation
First use of automated market making in m-CBDC experiment
07/07/2021
Hong Kong welcomes the BIS to step up its collaboration with Asia
"We appreciate the reorientation of the BIS Asian Office in Hong Kong since 2019 towards even deeper engagement with Asian central banks as part of Innovation BIS 2025."
07/07/2021
Halifax auditor pleads guilty to criminal charges
The charges against EC Audit and Mr Evett follow an ASIC investigation into Halifax which commenced in 2019.
07/06/2021
New Hong Kong Guidelines on Enhanced Disclosures for ESG Funds in 2022
The new guidance, announced on 29 June 2021 via a circular (the Circular), will take effect from 1 January 2022, supplanting existing guidelines last updated in April 2019.
07/06/2021
Hong Kong court makes non-commencement order against executive behind Hong Kong’s biggest ever corporate failure
The court dismissed the application by the bankrupt, James Henry Ting
07/06/2021
MAS Consults on Revised Reporting Rules for OTC Derivatives
The consultation sets out MAS’ proposed approach in relation to UTI generation and the proposed reportable data fields, including UTI, UPI and CDE.
07/06/2021
Indonesian regulator may issue digital banking rules this month, report says
The launch of digital banking rules may pave the way for ride-hailing companies to enter the financial services sector, according to a fund manager at a Jakarta-based asset management company.
07/06/2021
Applebys Hong Kong Office acts as Cayman and BVI Counsel to Datang Group Holdings Limited on its Issuance of USD300 Million 12.50% Senior notes due 2022
Datang is a property developer in China focusing on the development of residential and commercial properties in selected economic regions.
07/06/2021
ASIC tips for tackling debt
‘Remember, you may be able to get a similar service for free so before engaging a debt management service, understand how much you will be charged and make sure the company is a member of AFCA’,
07/06/2021
FATF Examines Collaborative Analytics and the Need for Privacy
The report examines commercially available or emerging technologies that facilitate advanced AML/CFT analytics within regulated entities, and technologies that allow collaborative analytics between FIs.
07/06/2021
Debt management licensing regime has commenced
ASIC will be closely monitoring compliance with the new laws, including identifying unlicensed conduct and taking action where necessary.
07/06/2021
Linklaters advises on India's highest rated US dollar bond offerings to date
The Linklaters team was led by capital markets partners Amit Singh and Michele Discepola
07/06/2021
Hong Kong confirms new licensing regime for virtual asset services providers
The proposed licensing regime will be more encompassing and requires mandatory licensing for all virtual asset exchanges
07/05/2021
Singapore regulator seeks power to enter financial adviser premises without notice
The proposed amendments will be made under a Financial Institutions (Miscellaneous Amendments) Bill
07/05/2021
Alleged Nickel Fraudster Swindled Millions for Lux Lifestyle
About S$119.7 million was attributed to investor withdrawals with S$64.5 million of outflows yet to be verified.
07/05/2021
Rise of the Hong Kong ILS market – Insurance Authority publishes Guidelines on Application to carry on Special Purpose Business
The SPI and any intermediary involved in an ILS transaction must also observe the sales restrictions in the SPB Rules as well as guidelines, codes