Managers of Wealth Asia Pacific

Chinese Regulators Could Hit Didi Harder Than Alibaba

Issues expressed by regulators include concerns about data security practices such as disclosure of statistics on taxi trips taken by government officials.

ASIC publishes Cost Recovery Implementation Statement 2020-21 for feedback

Feedback on the draft CRIS can be submitted until 13 August 2021.

Asia's Financial Hubs Battle for Alternatives Authority

With over 10,000 managers in China, the expectation is many will want to set up in Hong Kong and broaden their fund portfolios

Opening Keynote Speech at Fraud and Financial Crime Asia 2021 Conference

Carmen Chu, Executive Director (Enforcement and AML), Hong Kong Monetary Authority

From Strategy to Action — Advancing ESG in Asia Pacific

As businesses integrate ESG action into business renewal, there is an imperative to mitigate risks and pre-empt regulatory and compliance complexities

ASIC consults on draft guidance for the hawking reforms

These reforms flow from two recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

ASIC bans Gold Coast adviser and cancels AFS licence of Trade Wind Financial Services

ASIC also found that Mr Bevan is not a fit and proper person, having regard to his connection to a refusal or failure to give effect to a determination by AFCA.

Hong Kong Stock Exchange to implement new FINI platform to modernise IPO settlement process with a T+2 settlement timetable

Platform users will need to be on-boarded and will need to agree to FINI terms and conditions.

MAS and SFA invite entries for 2021 FinTech Awards

The Awards, supported by PwC Singapore, brings together the FinTech Awards previously presented separately by MAS and SFA.

Malaysia places pilgrimage fund under central bank regulation

“a financial institution that is considered systemic and closely interconnected with the national financial system due to its large scale of operations, in terms of deposits and investment size, among others”.

ASIC releases reference checking and information sharing protocol for financial advisers and mortgage brokers

The reforms will promote better information sharing about the performance history of financial advisers and mortgage brokers—focusing on compliance, conduct and risk management.

Appleby has acts as Cayman counsel to Black Spade Acquisition Co's USD150 million SPAC IPO

The Appleby team was led by David Bulley, Partner in Appleby’s Hong Kong office, and Dean Bennett, Counsel in Appleby’s Cayman office with assistance from Alejandra Gonzalez Saucedo.

Ashurst represented Hangzhou Fuyang City Construction Investment Group on US$328 million LGFV bond issuance

The bonds are listed on the Hong Kong Stock Exchange.

No AMP heads on pikes after ASIC drops criminal probe

A year after receiving those briefs the CDPP on Friday informed ASIC no charges should be brought, after it had weighed up the evidence and the “relevant public interest factors”.

Carey Olsen advises G Medical on Nasdaq listing

In connection with G Medical's Nasdaq listing, Carey Olsen worked alongside US counsel Sullivan & Worcester LLP and advised the company on all Cayman Islands regulatory and legal aspects of G Medical's IPO and admission to listing.

MyBudget applies for AFS licence following ASIC investigation

ASIC subsequently commenced an investigation into MyBudget to consider whether it was operating a financial services business without holding an AFS licence.

ASIC provides guidance on streamlined external administration lodgements

The guidance has been re-issued following consultation with the Australian Restructuring Insolvency Turnaround Association (ARITA).

Hong Kong Stock Exchange focuses on responsibility, controls and culture and cooperation in its revised enforcement policy

The policy statement contains important messages for listed company boards and senior management on the regulatory expectations for those responsible for Listing Rule compliance.

Japan watchdog and BOJ to assess banks on anti-money laundering

Global task force to cite regional lenders for inadequate ID verification

ASIC finalises investigation into AMP Financial Planning ‘fees for no service’ criminal conduct

The CDPP has now determined, on the basis of the available evidence and weighing the relevant public interest factors, that no charges should be brought for that conduct.

Legal, Regulation & Compliance