Managers of Wealth Asia Pacific

KPMG recommends super changes

KPMG national sector lead for asset and wealth management Linda Elkins said the exclusion of SG from Paid Parental Leave exacerbates the gap between men and women, as women are often using the leave.

Commencing Divorce Proceedings - Service on Spouses Overseas

In the Philippines, we can only effect such service on nationals of the originating state.

Ex-Prudential agency manager breached agreement in soliciting mass defection to Aviva, says High Court

The assessment of losses would be calculated by UK consultancy Berkeley Research Group's chairman Richard Boulton, the judge added.

Bank of Japan board agreed to focus on keeping yields low: March meeting minutes

The BOJ kept monetary policy steady at the March meeting and unveiled steps to make its tools sustainable enough to weather a prolonged battle to achieve its elusive 2 per cent inflation target.

Singapore regulator issues 86 new asset manager licences in January-September 2020

The central bank did not immediately provide Asia Asset Management with the number of new licences issued in all of 2020.

ASIC bans former Sydney adviser for eight years

Ms Lee has appealed to the Administrative Appeals Tribunal for a review of ASIC’s decision.

ASIC quarterly update January to March 2021

The report also covers ASIC’s use of new regulatory tools such as the product intervention power, and our preparation for new tools introduced by recent law reforms.

Herbert Smith Freehills advises ISPT on Australia’s largest sustainability linked loan

The Herbert Smith Freehills team was led by Partner Andrew Booth, Executive Counsel Amy Repse and Solicitor Andrew Julian.

HKMA announces guideline on the Green and Sustainable Finance Grant Scheme (GSF Grant Scheme)

The GSF Grant Scheme will provide subsidy for eligible bond issuers and loan borrowers to cover their expenses on bond issuance and external review services.

Firms offering debt management services require credit licence to operate

From 1 July 2021, subject to transitional arrangements, providers of debt management services must hold a credit licence with an authorisation that covers debt management services.

ASIC commences civil proceedings against Westpac for insider trading

ASIC is committed to improving market practices in the institutional and Fixed Income, Currency and Commodities markets.

Westpac acknowledges ASIC proceedings

The allegations relate to interest rate hedging activity

Clifford Chance advises Partners Group on joint launch of Philippines telecommunications platform

Partner Tom Lin and senior associate Ivan Chan (Singapore) led the transaction, supported by partner Richard Blewett (Brussels), senior associate I-Ming Tan (Hong Kong) and associate David Ho (Singapore).

Further dishonesty charges laid against WA financial adviser

The matter is being prosecuted by the Commonwealth Director of Public Prosecutions following an investigation and brief from ASIC and has been adjourned to 18 June 2021 for further mention.

MAS commits $42m to spur adoption of technology solutions for risk management and regulatory compliance

MAS will commit $42 million for the RegTech grant scheme and enhanced DAG scheme.

Employment Reorganisation Roadmap

Developed by Allen & Overy’s market-leading Global Employment Team, the 'Employment Reorganisation Roadmap' is an easy to use resource providing guidance on the key legal, procedural, timing and cost implications of employment reorgani

KWM continues to advise on privatisation financings for Chinese companies listed overseas

King & Wood Mallesons has maintained strong momentum in this space and has been actively advising on take private financings for listed companies and trust funds across the PRC, Hong Kong SAR and the US markets.

Former Australian Unity financial adviser banned for five years

ASIC also found that Mr Chan prioritised his company receiving commissions over the interests of his clients.

ASIC allows certain AFS licensees to use lease assets to satisfy their licence financial requirements

The changes were made following industry feedback on the proposals in Consultation Paper 336 Financial requirements: Treatment of lease assets (CP 336).

Singapore central bank partners private sector to grow S$4 trillion asset management industry

The SFIG comprises four working groups: infrastructure and innovation; policy; capabilities and training; and promotion and advocacy.

Legal, Regulation & Compliance