09/22/2021
SFC-ICAC operation leads to conviction of Convoy Global’s former senior executives
The case was adjourned to 9 October for mitigation and sentencing while the defendants were granted cash bail.
Legal, Regulation & Compliance
09/22/2021
ASIC bans former dealer and portfolio manager for market manipulation
Market manipulation is an enduring priority for ASIC. Market manipulation undermines the integrity of, and diminishes consumer confidence in, Australia’s financial markets.
09/21/2021
Securities Commission Malaysia Launches Five Year Capital Market Masterplan
The CMP3 was unveiled at a virtual ceremony officiated by Finance Minister YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz.
09/20/2021
Mourant Advises on Pre-listing SPAC for first Hong Kong Unicorn to list on Nasdaq
This landmark deal will allow Prenetics to publicly trade on the Nasdaq upon completion of the transaction.
09/20/2021
SEC advises listed companies to exercise care and caution before investing in digital assets
In case of making such investment, listed companies are advised to do so through licensed digital asset business operators to ensure legal protection.
09/17/2021
Boosting Equity Financing for High-Growth Enterprises
Minister for Trade and Industry Gan Kim Yong will announce the following initiatives
09/17/2021
ASIC permanently bans former Sydney financial adviser
Mr Hopkins was a financial adviser and sole director of QWL Pty Ltd (QWL) in Sydney.
09/17/2021
Australia's Iress rejects third buyout offer from EQT
Iress, a software provider to banks, insurers, traders and brokers, has seen its share price soar nearly 30% so far this year.
09/17/2021
China's market regulator proposes amendments to e-commerce law
If a vendor submits a false declaration of IP rights violation which results in increasing the rights holder’s losses, the compensation will be doubled.
09/16/2021
ASIC brings criminal charges against CBA for mis-selling consumer credit insurance
The matter is being prosecuted by the CDPP after an investigation and referral by ASIC.
09/16/2021
Halifax auditor’s registration cancelled
The CADB found that Mr Evett was not a fit and proper person to remain registered as an auditor
09/16/2021
Joint Announcement of the People’s Bank of China and the Hong Kong Monetary Authority
Southbound Bond Connect will be launched on 24 September 2021
09/16/2021
Apex Group partners with VCP Advisors to create Apex VCP
The joint venture further supports the Group’s expansion strategy for global fund marketing and distribution services.
09/15/2021
Licensing and professional registration activities: 2021 update
‘This is to ensure that the quality of participants and their businesses providing financial services or auditing services have satisfied the statutory requirements,’
09/15/2021
Former Perth finance broker sentenced on loan fraud
Mr Pryor obtained a $28,000 pecuniary advantage for himself and others by fraudulently brokering two of the loans for an amount well above the purchase price of the financed vehicle.
09/15/2021
Former mortgage broker charged with making a false statement to ASIC
The matter has been listed for a reply to service of the brief before the Downing Centre Local Court on 2 November 2021.
09/15/2021
National Australia Bank tightens up AML regime
The bank is also aiming to avoid repeating the same mistake with new customers, he added.
09/15/2021
Joint Statement By Monetary Authority of Singapore And Securities and Exchange Commission of Thailand
MAS and SEC Thailand welcome the launch of the Thailand-Singapore DR Linkage
09/14/2021
Singapore’s PayNow and India’s UPI to Link in 2022
The PayNow-UPI linkage will enable users to make instant, low cost fund transfers directly from one bank account to another between Singapore and India.
09/14/2021
SEC fines Chinese billionaire's companies $539m over illegal offerings
Companies to Pay More Than $539 Million in Settlement for Distribution to Investors