Managers of Wealth Asia Pacific

APRA releases performance metrics and insights package to improve transparency in superannuation

The CPPP covers 876 MySuper and choice products which, collectively, represent most types of investment offerings for accumulation members.

ASIC extends reportable situations relief and personal advice record keeping requirements

On 7 August 2024, ASIC announced our intention to extend the operation of the Former Instruments and sought feedback on the proposal prior to 4 September 2024.

Report reveals ‘increasing openness’ to arbitration in China

Although there were over 10,600 applications for arbitral awards to be revoked, only 552 arbitral awards were revoked by the people’s courts at all levels.

APRA releases response to consultation on enhancements to superannuation data collections

APRA consulted on proposed enhancements relating to trustee financial statements, indirect investment costs, trustee and fund profiles, as well as investments.

Major retail banks to introduce Singpass Face Verification, further strengthening resilience against phishing scams

MAS will continue to work closely with banks on measures to protect customers against scams.

Cooley Named Rising Law Firm of the Year in Hong Kong

Firm shortlisted for seven Asian Legal Business awards

Appleby's David Bulley discusses Asia expansion with China Business Law Journal

The firm plans to hire more Mandarin and Shanghainese-speaking staff

From boardroom to breakroom – Embedding data privacy into company culture in Singapore

Recent data protection enforcement cases in Singapore have shown that failures in data protection often result from a lack of basic understanding and responsibility at all levels.

ASIC expands operational resilience guidance for market participants

ASIC expects market participants to maintain a strong and continued focus on their technological and operational resilience, noting it is not a ‘set-and-forget’ process.

ASIC updates superannuation forecasts relief instrument

Providers of superannuation calculators and retirement estimates relying on ASIC Instrument 2022/603 will need to update their economic assumptions to reflect this adjustment.

Shanghai Police Investigate Hywin Wealth

The case thus far involves two suspects – surnamed Han and Wang – with the aim of the probe to recover losses and protect investors’ interest.

APRA proposes update to bank capital framework to strengthen crisis preparedness

The proposed changes draw on the lessons of last year’s global banking turmoil

Conyers Singapore Director Anna Lin Recognised as Fellow of INSOL International

The GIPC is INSOL International’s pre-eminent advanced educational qualification focusing on international insolvency

APRA consults on minor updates to the prudential framework for ADIs, insurers and RSE licensees

The proposed amendments are primarily technical clarifications and do not present any material change in policy settings.

APRA and ASIC release notes on Superannuation CEO Roundtables - June and July 2024

The roundtables were hosted by APRA and ASIC.

SFC bans Charles Lam Chung Yiu for life

The court found that between 13 March and 27 October 2020, when Lam was overseeing a project in UBS to compensate clients who had been overcharged in previous transactions

Former Courtenay House director sentenced over Ponzi scheme

Tony Iervasi was sentenced in the Supreme Court of NSW to 11 years imprisonment with a non-parole period of seven years for criminal charges relating to the operation of the Courtenay House Ponzi scheme.

Singapore plans law to restrict banking transactions of scam targets

The proposed law comes as the number of scam cases involving the voluntary transfer of money by the victim to the scammer remains high

BOCHK takes part in HKMA’s Project Ensemble Sandbox

As a founding member of Project Ensemble Architecture Community, BOCHK has been participating in the design and implementation of the sandbox over the past few months.

ASIC prosecutes 78 individuals for failing to assist registered liquidators

ASIC continues to prosecute those who frustrate the winding up of a company by not submitting reports and providing company books required.’

Legal, Regulation & Compliance