08/12/2024
Financial advice update
It covers all areas of financial advice regulation and includes a broad range of content relevant to Australian financial services licensees who are advice licensees and financial advisers.
Legal, Regulation & Compliance
08/09/2024
Allens tops finance mid-year rankings
Allens has cemented its place as Australia's leading legal adviser in finance, having topped numerous project finance and syndicated loans rankings for H1 2024.
08/08/2024
MAS taps EY to screen family office tax incentive applications
EY will check family offices for links to money laundering, terrorism financing, and other offences.
08/07/2024
Insurance Authority inspection results in enhancements to anti-money laundering controls and processes and fine
The Inspection also found scope for the Company to enhance its AML compliance and management oversight processes in its Hong Kong branch.
08/07/2024
Consultation Conclusions on Review of Three-Tier Banking System
The HKMA received a total of seven submissions from the banking industry, professional bodies and relevant organisations in the consultation.
08/07/2024
Appleby's Hong Kong office shortlisted for three awards in the ALB Hong Kong Law Awards 2024
These awards spotlight and honour the most innovative cross-border work in the Asia-Pacific region.
08/06/2024
MAS to require additional screening for family offices seeking tax incentives
The new regulation will require Singapore-based family offices to undergo a screening process from approved providers as part of the application process for tax incentives.
08/06/2024
Wanted core member of ramp-and-dump syndicate arrested
The suspect is detained pending the hearing in the Eastern Magistrates’ Court tomorrow.
08/02/2024
Anti-scam measures cut scam losses for CommBank customers in half
An increased focus on protecting customers from scams is working but CommBank says there is more to do across big tech, telcos and banks.
08/01/2024
Appleby’s Hong Kong office supports Primega on Nasdaq listing
Primega operates in the Hong Kong construction industry, mainly handling transportation of materials excavated from construction sites.
08/01/2024
Appleby’s Hong Kong office advises China Everbright Greentech on RMB1 million medium-term note issuance
China Everbright Greentech is a professional environmental protection service provider in China, with its businesses focusing on integrated biomass utilisation, hazardous and solid waste treatment, environmental remediation, solar energy and wind power.
08/01/2024
MAS Takes Enforcement Actions Against China Capital Impetus Asset Management, its Executive Director and Former CEO for Breaches of the Securities and Futures (Licensing and Conduct of Business) Regulations
In addition, MAS has declined CCIAM’s application to upgrade to a licensed fund management company (LFMC).
07/30/2024
Regulators Appoint Liquidators For Chinese-Controlled Insurer
The decision was made in a coordinated regulatory effort between the IA and the Bermuda Monetary Authority (BMA).
07/30/2024
SFC Warns Public of Proxinex for Suspected Virtual Asset-Related Fraud
While the website is now inaccessible, the public should beware of websites with similar domain names which may be continuously created.
07/29/2024
China’s Plenum, priorities and politics
The market-friendly tone of the plenum held ten years ago has given way to messages around deepening domestic capacities for “Chinese-style modernisation” in a more challenging geopolitical environment.
07/29/2024
Chief Executive of the HKMA responds to his re-appointment
Despite these headwinds, our financial system, including the Linked Exchange Rate System and the banking system, has remained sound and stable.
07/29/2024
New financial reporting and audit obligations for superannuation funds commence
Trustees will be subject to increased scrutiny on the quality of their financial reports in relation to superannuation funds.
07/25/2024
Australians can be confident in the integrity of our equity markets: ASIC report
Our regulatory interventions to address the deteriorations included targeting pump and dump activity
07/24/2024
APRA finalises targeted changes to strengthen banks’ liquidity and capital requirements
APRA received 35 submissions from entities, individuals and industry bodies during the formal three-month consultation period.
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.