03/11/2022
ASIC warns about financial viability of the Youpla Group
ASIC is concerned to ensure members of the relevant funeral funds and their representatives have up to date information to make informed decisions.
Legal, Regulation & Compliance
03/11/2022
Indonesia: Implementing guidelines for controlled foreign corporation rules issued
Indonesian taxpayers that are subject to CFC rules should refer to SE-55 for guidance on implementing those rules and assess whether they should revise previous annual income tax returns to align with SE-55.
03/10/2022
APRA releases new frequently asked questions on credit risk management
The FAQs page published today provides information to assist ADIs to interpret APS 220 and associated reporting standards.
03/10/2022
China Issues New Rules on Cybersecurity Review for Network Platform Operators Listing Abroad
Under the new rules Chinese NPOs holding more than 1 million individuals’ personal information must apply for a cybersecurity review prior to listing abroad.
03/10/2022
China Issues New Rules on Cybersecurity Review for Network Platform Operators Listing Abroad
Under the new rules Chinese NPOs holding more than 1 million individuals’ personal information must apply for a cybersecurity review prior to listing abroad.
03/09/2022
Maples Advises Amber Group
A team based in the international law firm's Hong Kong practice acted as Cayman Islands counsel to Amber Group, led by Partner, Everton Robertson and assisted by Associate, Jessica Zhan.
03/09/2022
Thai SEC teams up with the World Bank Group
Ms. Birgit Hansl, World Bank Country Manager for Thailand, said: “We are pleased to work with the Securities and Exchange Commission (SEC) on this exciting engagement on the topic of assessing the landscape of Thai securities businesses after COVID-
03/08/2022
APRA releases updated prudential standard to enhance management of reinsurance risks
Deputy Chair Helen Rowell said the finalisation of LPS 117 was a significant milestone that would strengthen APRA’s oversight of the life insurance industry.
03/08/2022
First Singapore Presidency of FATF – Senior Advisor (International) MHA T. Raja Kumar Appointed As The Next FATF President
The FATF also evaluates and monitors member jurisdictions to ensure they implement the FATF Standards fully and effectively.
03/08/2022
Sygnum Singapore secures in-principle approval to expand regulated activities
Singapore continues to be a welcoming destination for trusted financial institutions seeking to meet the growing demand for regulated digital asset financial services
03/07/2022
Cryptocurrencies are property, Singapore court rules, as it freezes US$7m in 'stolen' crypto
The judge also granted a worldwide mareva injunction that freezes up to US$7.09 million of the defendants' assets.
03/07/2022
ASIC acts against SMSF auditors involved in reciprocal audit arrangements
SMSF auditors have the right to appeal decisions ASIC makes in relation to them under the SIS Act.
03/07/2022
ASIC and APRA release joint letter on the implementation of retirement income covenant
RSE licensees are required to formulate a retirement income strategy by 1 July 2022
03/04/2022
ASIC disqualifies former security services director from managing corporations for five years
At the time of ASIC’s decision, the three companies owed unsecured creditors $332,303, including $106,781 owed to the ATO.
03/04/2022
Credit Suisse and IAG in Court Over Greensill
The insurer has denied liability, saying it sold its share of the unit in 2019, two years before Greensill collapsed.
03/03/2022
ASIC applies to appoint provisional liquidators to Ascent Investment and Coaching Pty Ltd
ASIC’s investigation of Ascent is continuing.
03/03/2022
Over 1.2 million customers affected by Hong Kong data breaches
Whilst third party forensic experts can help to investigate the incident, lawyers are also required to manage the consequences faced by companies as a result of the non-compliance with the applicable data protection legislation.
03/02/2022
ASIC streamlines process for insurers
The relief is subject to conditions and will expire in 2025. ASIC will review the operation and appropriateness of the instrument before it expires.
03/02/2022
Korean asset managers start suspending Russian funds
Following Hanwha’s footsteps, Shinhan Asset Management decided to freeze assets of four of its Russia-exposed funds, following an emergency meeting held Wednesday.
03/01/2022
UK and New Zealand sign free trade deal
Government claims it will boost bilateral trade by 60% but critics call its benefits ‘economically marginal’