07/23/2024
Australia Q2 2024 regulatory update
Key superannuation rates and thresholds were also updated in the quarter and are to take effect from July 1, 2024.
Legal, Regulation & Compliance
07/22/2024
MUFG heads to take pay cut after information firewall breach
The same salary punishment will also hit MUFG Bank Chairman Naoki Hori and Mitsubishi UFJ Morgan Stanley Securities Chairman Saburo Araki for two months.
07/22/2024
MAS Statement on Global Outage Affecting IT Systems
MAS asked major financial institutions to report the impact of the outage.
07/22/2024
APRA issues $10.7 million infringement notices and accepts court enforceable undertaking from OPC
APRA has been closely monitoring OPC which has continued to identify further members who may have been adversely impacted by failures to direct default member contributions to a MySuper product.
07/19/2024
Hong Kong’s ZA Bank welcomes planned stablecoin regulatory regime
The bank surpassed $1b in transfer turnover from Web3 clients in 2023.
07/19/2024
HKMA announces stablecoin issuer sandbox participants
The sandbox, which was launched in March 2024, is part of the HKMA’s efforts in facilitating the sustainable and responsible development of stablecoin ecosystem in Hong Kong.
07/12/2024
"Growth and Opportunities in the ILS Market: A Singapore Perspective" - Speech by Mr Lim Cheng Khai
The global ILS market experienced strong growth in the number of issuances in 2023, which continued into 2024.
07/12/2024
SFC and HKMA welcome PBoC’s new measure on Northbound Swap Connect margin collateral arrangement
This measure will provide Northbound Swap Connect investors with the additional choice of non-cash collateral, reducing their liquidity cost and improving capital efficiency.
07/11/2024
Ogier wins Best Offshore Law firm for third straight year at HFM Asia Services Awards 2024
This latest award win further solidifies Ogier's position as one of the leading offshore hedge fund legal advisers in the region
07/11/2024
The HKMA and the SFC welcome the PBoC’s new measure on Northbound Swap Connect margin collateral arrangement
This is a new arrangement for the use of onshore bonds as eligible collateral in the offshore market
07/11/2024
ASIC and APRA issue final rules and information for the Financial Accountability Regime
The FAR already applies to the banking industry, and takes effect for the insurance and superannuation industries from 15 March 2025.
07/10/2024
Singapore strengthens corporate service provider regulations
The updates introduced by ACRA are comprehensive and designed to strengthen the integrity and accountability of CSPs operating in Singapore.
07/09/2024
Five Appleby Partners Named Amongst the Top 50 offshore lawyers by asia business law journal
The list is based on extensive research conducted and nominations received from in-house counsel in Asia, and Asia-focused partners from domestic and international law firms.
07/09/2024
Ogier experts in Hong Kong named in ABLJ's top 50 offshore lawyers 2024
With the BVI and the Cayman Islands being two of the most widely used offshore financial centres by Asian companies
07/09/2024
Fund Finance Association Executive Committee 2024 APAC Market Update - Top Takeaways
The discussion covered perspectives on the Hong Kong, Singapore, Australia, and Japan markets, as well as the broader alternatives market.
07/09/2024
Hong Kong approves first investment visas
Under the scheme, qualified individuals can relocate to Hong Kong through capital investment in the form of a financial asset.
07/08/2024
The Monetary Authority takes disciplinary action against DBS Bank (Hong Kong) Limited for contraventions of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance
The Monetary Authority (MA) has imposed a pecuniary penalty of HK$10,000,000 against DBSHK for contraventions of the AMLO.
07/05/2024
Appleby's Hong Kong Office advises China Everbright Water Limited on its RMB2 billion asset-backed Securities Issue
China Everbright Water is an environmental protection company focusing on water environment management.
07/03/2024
First conviction for fraudulent OTC bond trading under Singapore law
The Monetary Authority of Singapore (MAS) has announced the first successful conviction for fraudulent over-the-counter bond trading under the country’s Securities and Futures Act
06/28/2024
Singapore issues Money Laundering National Risk Assessment
Just over ten years have passed since the last SG NRA, and whilst some of the old threats remain the same, the influence and ubiquity of technology are the key drivers behind many underlying crime statistics.