10/21/2024
CMU OmniClear Limited and SIX cooperate to open up further cross-border investment opportunities
They will also intensify their working relationship and maintain channels for the exchange of information.
Legal, Regulation & Compliance
10/18/2024
Singapore Family Offices Again Face Parliamentary Scrutiny
The scrutiny remains high in the family office space in Singapore as parliamentarians continue to probe officials.
10/18/2024
Hong Kong Policy Address: Key Financial Takeaways
Hong Kong chief executive John Lee delivered the 2024 policy address to the local legislative council on October 16.
10/11/2024
Joint Advisory on Rise in Government Official Impersonation Scam Variant Featuring Impersonation of Banks
In September 2024, there have been at least 100 cases reported
10/11/2024
ASIC cancels two Australian financial services licences and 11 Australian credit licences
The Licensees were required by law to be a member of the Australian Financial Complaints Authority
10/10/2024
ASIC bans financial adviser John Hazell for two years
As a result of these concerns ASIC found that Mr Hazell is likely to contravene his obligations
10/08/2024
Federal Court appoints liquidators to Global Capital Property Fund
ASIC applied for the winding-up of GCPF as it holds numerous concerns about the management of GCPF’s business.
10/08/2024
Withers: Prenups Are Now Commonplace in Asia
Historically, the usage of prenuptial agreements in marriages was not a popular option, particularly in Asia.
10/04/2024
Hong Kong Monetary Authority and Qatar Central Bank strengthen financial cooperation
The HKMA looks forward to working closely with the QCB to foster connectivity
10/04/2024
ASIC publishes updated regulatory guidance for registered liquidators
ASIC has also updated RG 258 to make the application process, ongoing obligations, disciplinary process, and other requirements to become a registered liquidator, easier to understand.
10/04/2024
APRA revokes International Bank of Australia’s restricted banking licence
International Bank of Australia’s decision to request a revocation of its restricted ADI licence does not prejudice any future application it may make for an ADI or restricted ADI licence.
10/03/2024
Speech by Mr Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth, and Board Member of MAS
Financial leaders are more important now than ever before because the world is becoming more uncertain.
09/26/2024
MAS Establishes International Advisory Panel for Cyber and Technology Resilience
The Panel replaces MAS’ Cyber Security Advisory Panel[1], with an expanded mandate to cover technology resilience which, together with cybersecurity, significantly underpins the operational resilience of the financial sector.
09/26/2024
China's economic problems won't be solved with interest rate cuts
Whilst this package of measures will certainly be welcomed, China’s problems cannot be resolved as easily as setting an appropriate level of interest rates.
09/25/2024
SFC suspends Wilson Cheung Kin for nine months over sponsor failures
In determining the sanction, the SFC took into account Cheung’s cooperation in resolving the SFC’s concerns and his otherwise clean disciplinary record with the SFC.
09/25/2024
MAS Directs Qoo10 Pte Ltd to Suspend Provision of Covered Payment Services in Singapore
This is so that these services are not disrupted pending licensing.
09/24/2024
APRA releases performance metrics and insights package to improve transparency in superannuation
The CPPP covers 876 MySuper and choice products which, collectively, represent most types of investment offerings for accumulation members.
09/24/2024
ASIC extends reportable situations relief and personal advice record keeping requirements
On 7 August 2024, ASIC announced our intention to extend the operation of the Former Instruments and sought feedback on the proposal prior to 4 September 2024.
09/24/2024
Report reveals ‘increasing openness’ to arbitration in China
Although there were over 10,600 applications for arbitral awards to be revoked, only 552 arbitral awards were revoked by the people’s courts at all levels.
09/20/2024
APRA releases response to consultation on enhancements to superannuation data collections
APRA consulted on proposed enhancements relating to trustee financial statements, indirect investment costs, trustee and fund profiles, as well as investments.