Managers of Wealth Asia Pacific

ASIC imposes licence conditions on Corpay subsidiary following compliance failures

Australian small business owners managing their FX exposures in volatile times expect AFS licensees to treat them fairly and to afford them important statutory consumer protections they are owed.

Former director of NDIS provider charged with dishonesty offences

The matter is being prosecuted by the Office of the Director of Public Prosecutions (Cth) (CDPP).

SFC reprimands and fines Kylin International (HK) Co., Limited $9 million for fund management failures

The SFC considers that Kylin’s misconduct was attributable to Wong’s and Zhu’s failures to discharge their duties as members of Kylin’s senior management.

ASIC cancels AFS and AC licences of Centre Capital Securities for failure to pay industry funding levies

The licences were cancelled after Centre Capital Securities failed to pay industry funding levies

APRA reduces liquidity add-on requirements for Macquarie Bank

The remaining NCO add-ons will remain in place until APRA confirms that all outstanding remediation activities are completed and effectively embedded.

Strengthening corporate defences against corruption in Singapore: Practical takeaways

Regulatory expectations now extend well beyond the existence of formal policies, focusing instead on whether companies can demonstrate credible, effective and lived compliance frameworks.

SFC forges stronger industry collaboration to shape a compliant and innovative future

The forum also covered other industry developments and regulatory updates.

The Eighth Hong Kong-Switzerland Financial Dialogue

During the meeting, the representatives discussed regional and domestic outlook and policy challenges, as well as the latest developments and potential areas of collaboration in sustainable finance, fintech, and market connectivity.

Cross Agency Steering Group announces Strategic Priorities for 2026 to 2028

During the meeting, members also reviewed the progress made on the implementation of the Roadmap on Sustainability Disclosure in Hong Kong

Singapore to Join International Efforts to Support IMF’s Initiatives for Vulnerable Countries

Our contributions are in line with Singapore’s quota share at the IMF.

ASIC proposes to extend intra-fund transfer relief for super trustees

We have assessed that the relief is operating effectively and continues to form a necessary part of the legislative framework.

Federated Hermes to open Hong Kong office

The US asset manager is seeking to expand its Asian footprint, honing in on the region's wealth and institutional markets.

Former United Global Capital financial adviser Milutin Petrovic’s ban varied to three years

Mr Petrovic sought a review of a decision to ban him for six years which was made by a delegate of ASIC.

Enforcement collaboration between HKMA and SFC - SFC reprimands and fines EFG Bank AG HK$10.85 million for regulatory breaches and internal control failures

It also failed to ensure that sufficient information and warning statements relating to the distribution of certain complex products were provided to customers before or at the point of each transaction.

Overseas remittance rule overhaul intensifies competition among banks

In particular, internet-only banks, known for their streamlined processes, are poised to take on a more prominent role.

Hong Kong central bank cuts interest rate, tracking Fed move

It was the third easing by the HKMA this year and follows a similar cut late in October.

ASIC issues over $2.2 million in infringement notices to 12 large proprietary companies for alleged failure to lodge financial reports

The notices were issued as the result of a three-month surveillance following ASIC’s increased focus on non-lodgement of financial reports by large proprietary companies.

Legal, Regulation & Compliance