Managers of Wealth Asia Pacific

ASIC expands operational resilience guidance for market participants

ASIC expects market participants to maintain a strong and continued focus on their technological and operational resilience, noting it is not a ‘set-and-forget’ process.

ASIC updates superannuation forecasts relief instrument

Providers of superannuation calculators and retirement estimates relying on ASIC Instrument 2022/603 will need to update their economic assumptions to reflect this adjustment.

Shanghai Police Investigate Hywin Wealth

The case thus far involves two suspects – surnamed Han and Wang – with the aim of the probe to recover losses and protect investors’ interest.

APRA proposes update to bank capital framework to strengthen crisis preparedness

The proposed changes draw on the lessons of last year’s global banking turmoil

Conyers Singapore Director Anna Lin Recognised as Fellow of INSOL International

The GIPC is INSOL International’s pre-eminent advanced educational qualification focusing on international insolvency

APRA consults on minor updates to the prudential framework for ADIs, insurers and RSE licensees

The proposed amendments are primarily technical clarifications and do not present any material change in policy settings.

APRA and ASIC release notes on Superannuation CEO Roundtables - June and July 2024

The roundtables were hosted by APRA and ASIC.

SFC bans Charles Lam Chung Yiu for life

The court found that between 13 March and 27 October 2020, when Lam was overseeing a project in UBS to compensate clients who had been overcharged in previous transactions

Former Courtenay House director sentenced over Ponzi scheme

Tony Iervasi was sentenced in the Supreme Court of NSW to 11 years imprisonment with a non-parole period of seven years for criminal charges relating to the operation of the Courtenay House Ponzi scheme.

Singapore plans law to restrict banking transactions of scam targets

The proposed law comes as the number of scam cases involving the voluntary transfer of money by the victim to the scammer remains high

BOCHK takes part in HKMA’s Project Ensemble Sandbox

As a founding member of Project Ensemble Architecture Community, BOCHK has been participating in the design and implementation of the sandbox over the past few months.

ASIC prosecutes 78 individuals for failing to assist registered liquidators

ASIC continues to prosecute those who frustrate the winding up of a company by not submitting reports and providing company books required.’

Ogier’s Hong Kong dispute resolution experts named industry leaders in Asia

Asian Legal Business highlights the achievements of dispute resolution practitioners at offshore law firms.

ASIC releases workshop summary document on servicing First Nations communities with a focus on culture, community and engagement

ASIC’s workshop highlighted a range of approaches for providing accessible and effective engagement channels through in-person services in remote First Nations communities.

Legal, Regulation & Compliance