09/24/2021
China's market regulator proposes amendments to e-commerce law
The amendments are open for public review till 14 October.
Legal, Regulation & Compliance
09/24/2021
Allen & Overy advises the Republic of Indonesia on Asia’s first sovereign SDG eurobond
The SDG bond and bonds to fund the tender offer were issued in takedowns from the Republic’s shelf registration statement with the SEC.
09/23/2021
IMF Board Meet Over China Data Rigging Scandal
The board meeting follows an investigation, launched at the request of the World Bank’s ethics committee
09/23/2021
ASIC publishes guidance on hawking reforms
‘Under the new laws, ASIC will be better able to tackle poor conduct by firms where consumers are pressured into products that are not right for them.’
09/23/2021
ASIC warns of social media led ‘pump and dump’ campaigns
Market manipulation is illegal.
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.
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.