Managers of Wealth Asia Pacific

ASIC permanently bans financial adviser Barry King

ASIC found that Mr King’s conduct was dishonest

SFC convenes second Digital Asset Consultative Panel meeting

The SFC will continue to proactively collaborate with the VATPs via the DACP as part of the initiative in Pillar Re (Relationships) of the SFC’s ASPIRe roadmap.

MAS Takes Regulatory Actions against 9 Financial Institutions for Anti-Money Laundering Related Breaches

The present suite of actions marks the conclusion of MAS’ enforcement actions against FIs with material nexus to the major ML case.

Korea launches investigation into pre-installed smartphone apps Featured

Devices examined in the investigation included Samsung Electronics’ Galaxy and Apple’s iPhone, which identified possible violations by Samsung’s “Studio” app, which provides video editing features.

MAS Proposes to Enhance Product Highlights Sheets and Streamline Framework for Complex Products

MAS’ objective is to strengthen the effectiveness of a disclosure-based regime for investors to make informed choices on their own, while requiring an appropriate level of intervention for consumers who need more assistance.

Former wealth manager sentenced to 12 months imprisonment for breaching Court orders

In addition, Mr Fuoco will never be allowed to be involved in financial services or credit activities, following an undertaking he gave to the Court.

ASIC issues updated guidance for managed investment schemes

The changes are focused on reflecting consequential changes to the law and legislative relief granted by ASIC since these RGs were last updated.

ASIC cancels Australian financial services licence of Ballast Financial Management Pty Ltd

The AFS licence was cancelled after ASIC became aware that Ballast had ceased to carry on a financial services business.

AVPN launches new platform to streamline philanthropy in Asia

It offers a curated pool of over 400 verified impact organisations.

MAS and ABS Announce the Incorporation of New Payments Entity – Singapore Payments Network (SPaN) – to Position National Payment Schemes for Next Stage of Growth

SPaN aims to provide strong governance over national and cross border payment schemes, promote continuous payments innovation and encourage active collaboration among key industry players.

APAC regulators putting bigger focus on climate risks, says UN

The report says central bank mandates vary across the region in terms of how explicitly regulators can address the impacts of climate change

HKMC alerts public of fraudulent website

The HKMC urges the public to beware of suspicious calls, websites or other communications, and to remain vigilant in protecting personal information.

APRA consults on proposals for instruments relating to section 66 of the Banking Act

APRA’s proposals pertain to section 66 exemption and determination instruments that are due to sunset later this year or that require updating to reflect current practice.

ASIC takes steps to appoint receivers to Australian Fiduciaries Ltd as investigation continues

ASIC’s application seeks to preserve the assets of the scheme and obtain a clearer picture of the financial position of Australian Fiduciaries and its schemes while ASIC continues its investigation.

SFC proposes to further restrict use of misleading names to enhance investor protection

The proposal will also cover titles that may imply an association with established exchanges, VATPs and other similar entities.

ASIC bans former financial adviser Glenda Rogan for 10 years

ASIC found that Ms Rogan did not comply with a financial services law by engaging in misleading or deceptive conduct.

ASIC cracks down on unlawful finfluencers in global push against misconduct

Last week, ASIC and regulators from the United Kingdom, United Arab Emirates, Italy, Hong Kong and Canada took coordinated actions to crack down on unauthorised finfluencers.

APRA proposes changes to capital framework for annuity products

The proposed changes would allow reduced capital requirements for annuity products in return for enhanced risk management by life insurers, including closer matching of assets and liabilities.

Stephenson Harwood wins four awards at WealthBriefingAsia and Greater China Awards 2025

Stephenson Harwood’s international private wealth team provides clients with comprehensive support across a wide range of matters including succession planning, tax optimisation, wealth structuring, and asset protection.

Australia’s property rules may push global capital to NZ

This policy aims to address concerns around housing affordability and availability.

Legal, Regulation & Compliance