Managers of Wealth Asia Pacific

Serious Fraud Office investigating Christchurch-based financial service company

A complaint was made to the SFO after the fund was frozen when a discrepancy was found in its valuation.

Australia:Illiquid superannuation funds warned to expect regulatory scrutiny

The pension industry was not consulted on the decision and industry experts calculate the size of the demand for early withdrawals would be about double the government’s estimate of A$27bn.

Withers further expands its market-leading real estate team in Tokyo

Recognised as one of the best real estate lawyers in Japan

ASIC cancels AFS licence of FS Securities

The licence cancellation took effect on 5 March 2020.

COVID-19 pain kicks in for law firm partners

This is no more keenly felt than in the mergers and acquisitions departments of the biggest firms, which rely on such big-ticket work to boost profits.

SFC extends deadlines for implementation of regulatory expectations

The SFC has said that it is closely monitoring the development of the global COVID-19 pandemic, as stated in a circular.

New Law Firm Bowers Opens in Hong Kong; Experienced Team Offers Innovative Fixed-Fee Charging Structure, Eliminates Hourly Billing

The bowers.law team will also advise on a wide range of corporate and commercial matters, including transactional corporate finance and intellectual property cases.

Kyobo Life Insurance Files Complaint against Deloitte Anjin with US Accounting Oversight Board

"The evaluation period Deloitte Anjin used in calculating Kyobo Life’s FMV included the period from June 2017 to June 2018 when its major competitors’ stock prices hit all-time highs," a Kyobo Life official explained.

A new limited partnership regime for private equity/venture capital funds in Hong Kong

The Bill could be expanded to allow for statutory migration of offshore PE/VC funds to Hong Kong.

ACRA, MAS and SGX RegCo Update Guidance on General Meetings

The announcement supersedes the earlier ACRA-MAS-SGX RegCo guidance issued on 19 March 2020.

Indonesia rolls out $25bn more spending

The regulation would waive a cap on a maximum budget deficit for three years, he said.

Banks around the world are suspending loan repayments as coronavirus hits borrowers

Small and medium-sized firms can defer principal payments on secured term loans also up to the end of the year.

ASI to launch bond products in Hong Kong

Additionally, an A-shares fund is awaiting approval in Singapore.

M’sia ahead of Asian peers in enforcing anti-graft law against directors — ICDM

Section 17A covers a broad range of commercial organisations including public listed, privately-held and state-controlled corporations, said Lim.

COVID-19 stress testing super governance, consulting giant says

Despite estimates from Treasury and the Actuaries Institute placing the withdrawals at a total of around $27 billion and $25 billion respectively, Rice Warner has forecast the raids will reach up to $40 billion to $50 billion as unemployment rises.

SEC and business operators in capital market reaffirm service continuity amid COVID-19 situation

In reference to the Cabinet’s resolution at the meeting on 24 March 2020, approving the implementation of the Executive Decree on Public Administration in Emergency Situations to tackle the spread of the novel Coronavirus (Covid-19)

Hong Kong won't allow early MPF withdrawals to ease coronavirus woes

The MPFA spokesperson points out that the Hong Kong government introduced a package of measures in late February to address financial difficulties caused by the pandemic.

MAS Monetary Policy Statement - April 2020

The measured adjustment to the policy stance was assessed to be appropriate given muted inflationary pressures.

Noah Singapore granted Capital Markets Services licence

The firm states that it is actively expanding its global footprint and has established a strong presence with offices in Hong Kong, Jersey, New York, Silicon Valley, Vancouver, Melbourne, and now Singapore.

Australia pension industry will face scrutiny if withdrawals can't paid

As part of Australia's fiscal stimulus package worth 10% of its gross domestic product, the government this month announced measures allowing workers to take up to A$20,000 out of their superannuation savings over the next two years in response to th

Legal, Regulation & Compliance