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Legal, Regulation & Compliance

03/20/2024

Singapore: Withers KhattarWong Future Female Leaders Award

As the firm celebrates its 50th anniversary in Singapore, this award reflects and underscores our commitment to fostering leadership and advancing gender empowerment within the legal profession.

03/20/2024

Carey Olsen shortlisted for Chambers Asia-Pacific and Greater China Region Awards 2024

Nominees are selected based on extensive research and thousands of interviews conducted by a team of over 200 analysts

03/20/2024

Appleby's Hong Kong Office Advises WK Group (Holdings) Limited

The net proceeds from the share offer will be used for financing the up-front costs of WK Group’s projects

03/19/2024

Maples Group Excels Winning Six China Deals of the Year 2023

In a year marked by intense competition, this is a remarkable achievement for the Maples Group.

03/15/2024

ASIC cancels AFS licence of Suetonius Wealth Management Pty Limited

ASIC had suspended Suetonius’ AFS licence from 17 November 2023 to 28 February 2024

03/14/2024

ASIC and APRA release a cross-industry information package on the Financial Accountability Regime

The regulators intend to engage further with industry as part of the consultation and implementation process over coming months.

03/13/2024

APRA removes National Australia Bank’s operational risk capital add-on

APRA is now satisfied that NAB has completed its remediation program and adequately addressed the issues raised in its risk governance self-assessment.

03/11/2024

1MDB scandal has consequences worth millions for Ticino bank

But the verdict is just another step in the corruption scandal surrounding the Malaysian sovereign wealth fund 1MDB, as it turns out.

03/08/2024

APRA and ASIC issue final rules and further guidance for the Financial Accountability Regime

In doing so, the FAR aims to improve the risk and governance cultures of those financial institutions.

03/08/2024

Hong Kong’s ‘cutting-edge’ central bank digital currency pilot burnishes blockchain credentials, boosts international financial hub status, HKMA’s Yue says

‘We’ve always been at the cutting edge of the whole blockchain evolution, including CBDCs,’ Hong Kong Monetary Authority CEO tells the Post

03/07/2024

APRA revokes Islamic Bank’s restricted banking licence

Islamic Bank’s decision to request a revocation of its restricted ADI licence does not prejudice any future application it may make for a restricted ADI or ADI licence.

03/05/2024

Fraudulent website and phishing instant messages related to Fubon Bank (Hong Kong) Limited

The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions.

03/05/2024

ASIC shuts down nearly 3,500 scam websites, steps up surveillances in push to protect consumers

That’s why ASIC is stopping investment scams at the source of their promotion, removing them from the internet before they can lure in unsuspecting consumers.

03/04/2024

Finance lobby group calls for bolder overhaul of Wealth Management Connect scheme to boost Chinese investments

The investment quota for individuals should be raised to 8 million yuan (US$1.1 million) from 3 million yuan, says the CEO of ASIFMA

03/04/2024

Harneys advises Finfront and Bitfufu on de-SPAC merger and NASDAQ listing

BitFuFu is a fast-growing digital asset mining service and a world-leading cloud mining service provider.

02/28/2024

Website Alert – Fraudulent websites related to CMB Wing Lung Bank Limited

The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions.

02/27/2024

Appleby's Hong Kong Office Advises J-Long Group Limited

The Appleby team, led by Partner Chris Cheng and assisted by Legal Executive Connie Wu, played a pivotal role in facilitating this strategic move.

02/27/2024

ASIC cancels AFS licence of NextGen Financial Group Pty Ltd

Under the Corporations Act, ASIC may suspend or cancel an AFS licence without a hearing if the licensee is under administration or is being wound up.

02/23/2024

Insurance Brokerage M&A: Key Regulatory and Deal Considerations amid Continuing Consolidation and New Entrants in Hong Kong

Despite the overall reduced insurance M&A deal volume in 2022 and 2023, insurance brokerage continues to top the most active segments within the insurance industry.

02/23/2024

Hong Kong Banks Need to Get Serious about Malware

It certainly sounds like the Hong Kong Monetary Authority and the police have put a gun to the head of most of the city’s retail banks.

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