07/12/2021
Tool created to help accountants find SMSF auditors
This could lead to as many as 40% of SMSFs searching for a new auditor, estimated to be around 200,000.
Legal, Regulation & Compliance
07/12/2021
ASIC secures $35 million remediation for OnePath Life customers
At the time of the sales calls, OnePath was owned by ANZ bank, albeit operating as a separate business.
07/12/2021
Linklaters advises Ngern Tid Lor Public Company Limited
The transaction represents the largest IPO in the finance and securities sector and consumer finance sector in Thailand.
07/12/2021
KWM advises on the privatisation financing for China Customer Relations Centers, Inc.
CCRC is a leading e-commerce and financial services business process outsourcing service provider in China.
07/09/2021
Appleby Hong Kong Partner David Bulley once again named as “Corporate Finance Lawyer of the Year"
He is also global co-head of SPACs with a focus on Asia Sponsored SPACs in excess of USD250m and de-SPAC transactions.
07/09/2021
PBoC: Ant Group Not Singled Out
Fan also added that actions taken against Ant could also apply to other payment platforms engaging in malpractice.
07/09/2021
Rate of adviser exits to prolong
“We will need some time to digest all of this news as to how it would affect the number of advisers post the initial need to pass the exam of 1 January, 2022,”
07/09/2021
ASIC consults on guidance and relief for litigation funding schemes
Submissions to CP 345 are due on 20 August 2021.
07/09/2021
Envy nickel trading boss alarmed some banks in Singapore long before his arrest
The previously unreported timeline raises fresh questions about how Ng could have maintained an alleged $1.46 billion fraud for so long.
07/09/2021
Ashurst advises Sojitz on its investment in the high-growth tech and new-material field in Singapore
Earlier this year, Ashurst has also represented Sojitz on its strategic investment in a leading primary healthcare and wellness services provider in Asia Pacific.
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.
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.