12/17/2021
10 Arrested in SFC-MAS Ramp-And-Dump Raid
The SFC appreciates the assistance of the Hong Kong Police, the MAS and the Singapore Police and will continue to work closely with the Hong Kong Police’s Anti-Deception Coordination Centre
Legal, Regulation & Compliance
12/17/2021
Appleby Hong Kong Lawyers Judy Lee and Eliot Simpson recognised in the latest Chambers and Partners Asia Pacific guide
The team works very closely with us, the service is very high-quality, and they give a quick response to the client’s questions.
12/16/2021
Praise for Carey Olsen's Singapore and Hong Kong SAR offices in Chambers Asia-Pacific
The latest edition of the highly respected international legal directory also saw Singapore partners Anthony McKenzie and James Noble, and Hong Kong partner Jeremy Lightfoot recognised individually.
12/16/2021
MAS Proposes to Introduce Due Diligence Requirements for Corporate Finance Advisers
The consultation paper is available on MAS’ website . MAS invites interested parties to submit their comments on the proposals here by 15 February 2022.
12/16/2021
Bedell Cristin advises first wholly owned Singaporean listed REIT
It is entering the UK REIT regime to future-proof the overall tax structure of EliteCReit and provide an improved platform for expansion within the UK market.
12/16/2021
Leading law firm for 10 areas in Singapore and Japan in Chambers Asia Pacific 2022
This is only possible through the thoughtful feedback provided by our clients and business partners.
12/16/2021
Why climate risk is also a human rights risk: KPMG and RIAA launch new guide for institutional investors
The guide points out that this gap is a risk to institutional investor trustees that must be addressed as an urgent matter of prudent risk management.
12/15/2021
Charge withdrawn against former director James Feng
The CDPP has conducted a further review of the matter and determined that the charge against Mr Feng be withdrawn.
12/15/2021
ASIC sues OnePath for fees for no service misconduct
ASIC is seeking declarations, pecuniary penalties and other orders from the Federal Court.
12/14/2021
21-346MR ASIC cancels AFS licence of Premier Wealth Management
Premier Wealth Management has the right to seek a review of ASIC’s decision by the Administrative Appeals Tribunal.
12/14/2021
ASIC bans Sydney based financial advisers for five years
ASIC found Mr Allen was involved in Mr Cummings’ non-compliance with the requirement to provide Statements of Advice.
12/14/2021
APRA proposes changes to align capital and reporting frameworks for insurance with AASB 17
The proposals are also relevant for private health insurers, given APRA’s intention to align the private health insurance capital framework to LAGIC.
12/14/2021
APRA moves to strengthen capital standards in private health insurance
The proposals increase minimum capital requirements, however the industry is very well-capitalised and already holds capital significantly in excess of the new proposed regulatory minimums.
12/13/2021
Enhancements to the Code of Banking Practice
The revised Code is effective from 10 December 2021.
12/13/2021
Increasing the issuance of Exchange Fund Bills
The HKMA will continue to monitor market situations, and reserves the flexibility of adjusting or not executing the aforesaid eight increases.
12/13/2021
World Bank approves $600m funding for Philippine reforms
The Philippines lags peers in east Asia and the Pacific in direct foreign investment into areas such as retail, the bank said
12/10/2021
Singapore and China Regulators to Boost Supervisory Cooperation
The roundtable was chaired by MAS’ deputy managing director Ho Hern Shin and CBIRC’s vice chairman Zhou Liang.
12/10/2021
Super trustees offering default income protection insurance urged to check on member outcomes
ASIC has written to the five trustees outlining specific findings and areas for improvement.
12/10/2021
ASIC signs MoU with Croatian Financial Services Supervisory Agency
This MoU complements the 29 other supervisory cooperation arrangements ASIC entered into with EU securities regulators in 2013
12/09/2021
ASIC seeks feedback on proposed intervention orders for short term credit and continuing credit contracts
This consultation continues ASIC’s work to address high cost predatory lending impacting vulnerable consumers.