09/06/2021
Companies and director charged with failing to comply with ASIC notices
The matter has been adjourned to 5 October 2021.
Legal, Regulation & Compliance
09/03/2021
A Primer on Real Estate Investment Trusts, Business Trusts and Stapled Trusts in Singapore
The property manager manages and maintains the properties of the REIT in return for a property management fee
09/02/2021
Hong Kong Develops System to Prevent Archegos Repeat
Earlier this year, Wall Street experience one of the most spectacular collapses from up to $50 billion of highly leveraged bets from Archegos
09/02/2021
Two financial advisers banned for giving 'false information' to Singapore regulator
During the inspection, MAS asked whether certain background checks had been conducted on individuals and entities related to the company.
09/02/2021
SGX to Ease Rules for SPAC Listings
The latest report of looser listings rules follows market feedback that some of SGX’s earlier proposals were too strict.
09/02/2021
Chinese State Firms to Take Stakes in Ant's Credit Scoring JV
The proposed credit scoring joint venture will collect, manage and analyze consumer data to score people's credit.
09/02/2021
BIS to test international settlements for digital currencies with central banks
The project will work with multiple partners to develop technical prototypes on different distributed ledger technology platforms.
09/02/2021
Singapore Exchange allows SPACs to be listed on the mainboard
The new rules will take effect on 3 September 2021.
09/01/2021
The new PRC Personal Information Protection Law – Are global organizations ready for the changes (from an employment perspective)?
The PIPL has a territorial reach that is similar to the EU’s General Data Protection Regulation (GDPR) in that it applies to both operations in China
09/01/2021
Global watchdog urges Japan to boost fight against money-laundering
Authorities in Japan have a good understanding of the money laundering and terrorist financing risks they face and have been at the forefront of AML/CFT measures in areas that present major risks for the country.
09/01/2021
Xfers & SEBA Bank Named Finalists for Global CBDC Challenge organised by the Monetary Authority of Singapore
The joint proposal submitted by Xfers and SEBA Bank was shortlisted from over 300 applications representing over 50 countries and will be presented to the public and a panel of judges at the Singapore Fintech Festival on 08 November 2021.
09/01/2021
Dawning of a New Era: China’s Personal Information Protection Law
Data controllers remain responsible for supervising the entities to whom they have entrusted the processing of personal information (i.e. the equivalent of a data processor under the GDPR) (data processor).
08/31/2021
SGX requires mandatory sustainability disclosure
Companies listed on the exchange will have to make sustainability and diversity disclosures in their annual reports starting in 2023.
08/31/2021
Chinese Regulators Survey Firms on Yuan Risk
According to the report, the recent survey, which includes inquiries about how to manage expectations and help corporate clients with FX hedging, was similar to the ones done in 2014 and 2016
08/31/2021
ANZ, Citi, HSBC and Standard Chartered in the running for MAS digital currency prize
The proposals from the finalists sought to address multiple problem statements through a variety of technology approaches including hardware wallets, digital identity and asset tokenisation.
08/30/2021
MAS Announces 15 finalists for the Global CBDC Challenge; over 300 submissions from 50 countries received
The finalists, comprising financial institutions, FinTechs and technology solution providers, will progress to the Acceleration Phase of the Global CBDC Challenge, before they pitch their solutions to a panel of judges
08/30/2021
Chinese Regulators Target Finance-Related Online Content
Commercial websites and platforms will be ordered to clean up finance-related posts and close accounts
08/27/2021
Former Queensland financial adviser faces criminal charges for breaching ASIC banning order
Mr Toledo’s partner at the time was the sole director of Premier Realty Group.
08/27/2021
APRA releases final remuneration prudential standard
Deputy Chair John Lonsdale said the finalised standard was a key milestone in APRA’s drive to transform industry practices in governance, risk culture, remuneration and accountability.
08/27/2021
APRA’s new Corporate Plan focuses on protecting today, while preparing for tomorrow
The latest Corporate Plan is based around the strategic theme of “protected today, prepared for tomorrow”.