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.
Legal, Regulation & Compliance
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
09/13/2021
The fund managers now bailing out of China
Investors are spooked, but could this be time to buy, asks David Brenchley
09/13/2021
Carey Olsen has been named a finalist for Best Offshore Law Firm at the HFM Asia Services Awards 2021.
The offshore category is one of 31 awards to be decided upon by HFM's independent judging panel of CEOs, CFOs, COOs, and General Counsel from leading hedge funds.
09/13/2021
Hong Kong | Management and disclosure of climate-related risks by fund managers
Who is impacted?
09/10/2021
China Development Bank vice-president detained in corruption probe
He Xingxiang is the third senior CDB executive to face a corruption probe during President Xi Jinping’s anti-corruption drive
09/10/2021
APRA phases out reliance on Committed Liquidity Facility
APRA will continue to review financial market conditions, and will adjust these expectations should circumstances materially change.
09/10/2021
Singapore Exchange allows SPAC listings
SGX’s rules also require that de-SPAC takes place within 24 months of initial public offering (IPO)
09/10/2021
Lawyer and former company officers associated with Members Alliance and Benchmark groups facing 72 criminal charges
The charges follow an ASIC-led Serious Financial Crime Taskforce (SFCT) investigation into the collapse of the groups and alleged associated phoenix activity.