Managers of Wealth Asia Pacific

Document leak puts NAB under the pump

The leak also sheds light on the relationship between NAB and EY

A boost to mediation, and Singapore as a premier dispute resolution destination

Traditionally, settlement agreements are legally treated as contracts and a party must first sue for breach of contract in order to obtain an enforceable judgment/award.

ASIC reveals advice remediation progress

Weighing in with the largest advice remediation bill

Appleby Sees Listing Deal Value Total Increase to a Record HK15.5 Billion in the First Half of 2019

Companies from the Cayman Islands and Bermuda currently make up more than 70% of all entities listed on the main board of the Hong Kong Stock Exchange, almost all of which also maintain British Virgin Islands entities as part of their group.

Is a single pensions regulator on the cards in India?

Plans were first mooted three years ago

Harneys launches Asia Trusts & Private Client Advisory Group

Harneys’ global trusts and private client practice has earned an international reputation for excellence due to its personal, commercially sensitive, and pragmatic approach.

Australia to ban grandfathered commissions by 2021 as it targets advice industry

Conflicted remuneration is where the payment of a benefit to a financial adviser may incentivise them to recommend to a consumer a financial product that may not be in their best interests.

Ex-Clifford Chance Korea head joins SG office of Vietnamese firm YKVN

Hyun is a US lawyer specialized in capital markets and cross border M&A.

ASIC implements pause on admission of managed funds with internal market makers

They are usually actively managed funds. Internal market making funds represent approximately 6% of exchange traded products by funds under management.

EU's move to strip market access likely to have little impact on Singapore

It is therefore removing a status that made it possible for European banks to rely directly on those ratings for the issuance of bonds, loans and other debt instruments.

Switzerland helps Japan investigate Ghosn cases

French media have reported Ghosn was making preparations since around last year to move his tax domicile to Switzerland, which offers preferential tax treatment to the rich.

Final nail in the coffin for grandfathered commissions

When commissions were banned under the Future of Financial Advice reforms in 2013, the legislation provided a carve out for trail commissions paid on existing investments.

Dubai and India to enhance financial collaboration

The meetings were set up to discuss DIFC’s strategic plans and the Centre’s roadmap for growth, while exploring mutually beneficial partnerships with Indian firms and financial institutions.

Ban unsolicited life insurance sales: Poll

It has taken action against a number of firms that have missold direct life insurance and CCI.

ASIC Takes ANZ Bank to Court for Unlawful Fees

In these proceedings, ASIC will allege ANZ was not entitled to charge certain periodic payment fees under the Bank’s contracts with its customers.

Taiwan: Bill passed on repatriation of overseas funds

Under the bill, companies and individuals that repatriate their earnings in the first year the law is in effect would be entitled to a tax rate of 8% of the repatriated amount

Hong Kong cracks whip on back-door listings, introduces new rules

The consultation is part of a series of measures undertaken by the Exchange to strengthen and enhance the long-term health, quality and sustainability of the Hong Kong market.

UAE partners with 3 Chinese financial institutions

ECI will collaborate with each of these organisations in the exploration and enhancement of trade and economic cooperation between the UAE and China.

Asian fintech startup, Cheers Paytech, chooses Mambu as core banking system

The Cheers Wallet Engine, powered with Mambu, will further enable the strong adoption by those currently suffering from financial exclusion to not only access mobile payments, but to become an active part of the wider global digital economy.”

Government announces subscription and allocation results of Silver Bond

Allocation is made in accordance with the mechanism set out in the Issue Circular dated July 4, 2019.

Legal, Regulation & Compliance