10/21/2022
Nordea Asset Management seeking licence to open investment hub in Singapore
The €248bn ($243bn) Nordic money manager is in the final stages of applying for a fund management licence with MAS, hoping to open shop in 2023.
Legal, Regulation & Compliance
10/20/2022
Thailand BOI Approves New 5-Year Investment Promotion Strategy
The board also acknowledged the investment pledges filed during the first nine months of 2022.
10/19/2022
Malaysia securities regulator suspends licence of Interpac’s top official for six months
Nazri joined Interpac as chief executive officer in 2019.
10/19/2022
Talent Flow Reversal in Focus for Hong Kong Policy Address
A dedicated office to attract business and talent has also been set up.
10/18/2022
EU Sanctions Hit HSBC’s Russian Customers in Hong Kong
An exception applies for those who also hold residency rights or are a nationals of a European Union member state.
10/18/2022
Court finds Austal and former CEO breached continuous disclosure laws
Austal shares totalling $23 million were traded between 16 June and 30 June 2016.
10/17/2022
Singapore Central Bank Tightens Policy Again
Inflation is expected to remain high in most of Singapore’s key trading partners in the near term, while global growth moderates.
10/14/2022
Bank of Japan’s Kuroda brushes aside chance of interest rate hike
Japan’s economy is emerging from the Covid-19 pandemic’s wounds but the pace of recovery is slow compared with countries like the United States
10/14/2022
China’s central bank governor says policy measures will be stepped up to boost economy
He also said the central bank will support financial institutions to issue equipment upgrade loans to key sectors, including the manufacturing sector.
10/14/2022
Frontier promotes three
Jenny Li and Brad Purkis are now consultants.
10/13/2022
IMF stands by BOJ governor Kuroda’s rock solid easing stance
The Japanese currency is trading well below the level that triggered a direct market intervention from the government last month, heightening focus on whether Japan may step into the market again.
10/11/2022
MAS Bans Ex-BSI Banker Over Unreported 1MDB Transactions
The investigation focuses on his role in dealings with the BSIS unit and relationships with 1MDB subsidiaries as well as Aabar Investments PJS Limited, ostensibly a subsidiary of Abu Dhabi-based Aabar Investments PJS.
10/10/2022
CIFAA appeals to members with PI reduction
This was compounded by the fact that overseas insurers could be reluctant to insure Australian advisers as they were deterred by actions prior to the Hayne Royal Commission.
10/06/2022
Optus data breach: update for APRA-regulated entities following Federal Government announcement
Any data shared can only be used for the purposes of implementing enhanced monitoring and safeguards for customers affected by the data breach.
10/05/2022
Hong Kong regulator revises leniency policy for cartel conduct
The revised policy is intended to offer clearer guidance and enhanced incentives for individuals to cease their involvement in cartel conduct and report it to the Commission
10/04/2022
India and Maldives exchange USD 100 million agreement for key infrastructure projects
The Indian and Maldivian governments exchanged agreements for USD 100 million Line of Credit on Sunday for key infrastructure projects.
10/03/2022
ASIC remakes business introduction services relief for managed investment schemes
The extended relief clarifies that the design and distribution obligations apply to persons who, but for the relief, would otherwise need to comply with the DDO.
10/03/2022
Harneys advises MTT Group Holdings Limited on its Hong Kong IPO
Its shares were listed and commenced trading on the Main Board of the Hong Kong Stock Exchange on 26 September 2022.
10/03/2022
Tentative issuance schedule for HKSAR Government Bonds under the Institutional Bond Issuance Programme
The tentative issuance schedule is normally published by the HKMA on a half-yearly basis
09/30/2022
ASIC signs Consultation Agreement with Financial Markets Standards Board
The Agreement will facilitate the FMSB’s consultation with ASIC in the development of draft guidance and other publications, and provide ASIC with periodic updates on the FMSB’s strategy.