Managers of Wealth Asia Pacific

17 banks have fund-manager licenses revoked

Instead, they have to set up subsidiary companies to engage in the business, but only after undergoing close government examination and approval.

China regulator to revoke banks' private fund management qualifications

The banks had registered to conduct private fund management with China's asset management association earlier this year, data from the association show.

Seven Mainland and Hong Kong funds granted MRF status

The China Securities Regulatory Commission stated on its website that the bureau and the Securities and Futures Commission would continue to register other funds under the MRF in the future.

ASIC takes no action against UBS over NSW power sale research scandal

The first was headlined "Bad for the budget, good for the state". In the second, issued four hours later, the headline was more upbeat "Good for the state".

Regulator's 'no action ruling' on UBS has broader implications

The Australian Securities and Investments Commission has used the UBS case to set out a template for control of the research function in large, complex investment banking groups.

Court’s winding-up ruling on Hong Kong’s Yung Kee goose restaurant sends signal to offshore companies

Legal experts say court order for restaurant’s parent company based in British Virgin Islands could lead to resolution of more disputes in city

Chinese lawmakers to consider registration-based stock listing reform

Compared with the old system, the new one is more market-oriented

UBS to take remedial steps after Australia regulator inquiry

ASIC was concerned that UBS Securities' control framework relating to its research function, and its compliance with that framework, at the relevant times was not adequate for an investment bank of UBS' size and complexity

India to Sign Agreements With Singapore, UAE and Hong Kong to Get Information on Illegal Bank Accounts

The CBDT spokesperson further revealed that AEOI will help create an environment of transparency between 75 countries that have signed the MCAA

ASIC bans former Macquarie adviser for market manipulation

This was likely to have the effect of creating an artificial price for trading in the affected MINIs on ASX.

IAG New Zealand's licence cancellation a technicality

Insurance giant IAG New Zealand is reassuring customers about the cancellation of two of its insurance licences.

Malaysia’s First Home Grown Reinsurance Broker gains approval from Lloyd’s

AFR Asia Pacific Ltd has been approved as Lloyd’s first registered broker in Malaysia, making it one of only 219 Lloyd’s registered brokers across the world

A Stern Warning from the Supreme Court in England to Spouses who Hide their Assets - Withers

Implications for Hong Kong?

Crunch Time for Indonesia Central Bank as Fed Prepares to Raise

Yet policy makers are signaling they are not ready.

Doing Business in China: Unlock Investment Opportunities - King & Wood Mallesons

Emerging opportunities in e-commerce, finance and new ways to appeal to China’s increasingly sophisticated consumer base, are transforming the commercial landscape for investors.

South Korean tycoon Lee Jay Hyun jailed for fraud, tax evasion

The court also handed down 25.2 billion won (S$30 million) in fines.

Hong Kong Court refused to make a grant of administration ad colligenda bona for lack of special circumstances and special justification

The application related to the interests of the deceased in a BVI company called Five Star. Five Star held a substantial number of shares in Paladin, a listed Hong Kong company, which in turn owned a valuable property on the Peak (Peak Property).

Legal, Regulation & Compliance