Managers of Wealth Asia Pacific

AMP enters into enforceable undertaking with APRA

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The Alliance for Green Commercial Banks Organised the 3rd Roundtable in Climate Risk

The third roundtable commenced with opening remarks from Mr Peter Cashion, Chief Investment Officer and the Global Head of Climate Finance, Financial Institutions Group, IFC; and keynotes by Ms Pratima Divgi, Regional Director, CDP Hong Kong.

Hong Kong publishes policy on commitments under the Competition Ordinance

It allows businesses which have cooperated with the commission in good faith an effective way of drawing a line and moving on from any contravention of the Ordinance.

ASIC files contempt application against James Mawhinney

ASIC also alleges that Eleuthera Group Pty Ltd carried on a financial services business in Australia without holding an Australian financial services licence when it was required to do so.

China proposes further clarifications to its data security and management regime: businesses to take note

Public consultation and, for large platforms, regulatory approvals, are required to implement certain rules and policies, which could significantly slow the ability of platforms to adjust data practices to new competitive and regulatory developments.

Carey Olsen leads offshore firms as it is recognised as one of the best law firms in Singapore

The firm's Singapore office topped the offshore category with a five-star rating after securing the highest number of recommendations of the five firms recognised.

Withers: One of Singapore's Best Law Firms 2022

With 18 offices around the world including in Singapore, Hong Kong and Japan, we’ve structured our teams to be able to give cohesive advice across jurisdictions.

ASIC consults on remaking class order on PDS requirements where a quote for a general insurance product is given

Consultation Paper 349 outlines ASIC's rationale for proposing to remake the instrument.

HSF: Financial Regulation Weekly Update

ESG poses challenges to banks in many forms

"I promise not to promise" - International Mediation and measures to safeguard against Guerrilla tactics

The Singapore Convention marked a critical milestone in the development of mediation as alternative dispute resolution for commercial disputes.

Failure to comply with pre-arbitration requirement to mediate a matter of admissibility, not jurisdiction

It held that the basis of challenge was a question of admissibility to be determined by the arbitrator, not an issue of jurisdiction falling within section 67.

Industry funding: 2020-21 Cost Recovery Implementation Statement

ASIC is well aware of the challenges and difficulties facing many businesses due to the COVID-19 pandemic, and their concern has been highlighted in the industry feedback.

DLA Piper launches global, dedicated end-to-end Investment Management and Funds practice

DLA Piper has one of the largest investment management and investment funds practices in the world, with more than 250 lawyers with relevant experience and offices in all key global jurisdictions.

APRA urges super members to prioritise their own best financial interests

From the one million member accounts in products that failed the test, fewer than 68,000 have been closed.

Indonesian and UAE central banks sign payments and financial innovation MoU

The CBUAE and Bank Indonesia will also exchange relevant information and views on issues of concern or common interest under the MoU, based on applicable laws and regulations in each jurisdiction and other considerations that may be relevant.

CSRC bans unlicensed platforms from recommending funds

China Securities Regulatory Commission has tightened its grip on the nation’s mutual fund market.

Asia Data Protection Update

Proposed security assessment mechanism for transferring data outside of China

Regulatory risk and finfluencer engagement for company directors

ASIC monitors the market for this activity and will act when it sees extreme price movement.

MAS Enhances FinTech Regulatory Sandbox with Sandbox Plus

The Regulatory Sandbox, which is fully bespoke, was enhanced with Sandbox Express in 2019 to provide firms with a faster option for market testing in pre-defined environments.

‘Stop bullying me’: Insider says hit squad sought to silence him over $10b budget hole

It’s humiliating for Treasury because they’ve got it so wrong.

Legal, Regulation & Compliance