08/02/2021
Foreign funds invest in Indonesia’s new sovereign wealth fund
Indonesian companies including BPJS Employment and Taspen have already shown interest in investing in the fund.
08/02/2021
Knowingly providing false or misleading information to ASIC was an offence under section 1308(2) of the Corporations Act.
08/02/2021
Court finds RI Advice liable for failing to supervise financial adviser following ASIC investigation
The Court had previously made declarations that Mr Doyle had breached his best interests obligations by giving inappropriate advice and failing to put his clients’ interests first. At the time, Mr Doyle was an authorised representative of RI Advice.
08/02/2021
ASIC sues General Commercial and Eden Capital for failure to cooperate with AFCA
ASIC also alleges General Commercial and Eden Capital’s conduct amounted to a breach of their obligations as credit licensees to act, efficiently, honestly and fairly.
08/02/2021
REP 696 also sets out residual gaps and areas where improvements are still needed, particularly in the ability of insurers and trustees to use data to improve both product design and claims handling.
08/02/2021
The award recognises exceptional contributions made by an international IWIRC member.
07/30/2021
The Memorandum of Understanding provides a framework for cooperation between the two authorities with respect to promoting innovation in financial services.
07/30/2021
‘ASIC will continue to work to ensure trustees comply with their obligations to properly monitor the promotion of their products by outsourced service providers.’
07/30/2021
The HKMA wishes to remind the public that banks will not send SMS or e-mails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions.
07/29/2021
After China clamped down on internet platforms – most notably by requiring prospective foreign listings by such firms to undergo a data security review for approval – the education sector has become the latest target.
07/29/2021
The BIS Innovation Hub Singapore Centre is working on both.
07/28/2021
“Regulatory threats are going through in China and that is concerning.
07/28/2021
ASIC will continue to engage with industry in the lead up to the new laws commencing.
07/28/2021
The orders have effect until a further hearing before the Court
07/28/2021
In this Legal Update, we highlight key aspects of the Draft Guidelines and takeaways for AIs considering how to approach these new proposals in Hong Kong.
07/27/2021
An HKMA spokesperson said that the banking regulator would communicate with banks on different topics regularly but did not comment on specifics as a matter of policy.
07/27/2021
Despite headlines about the ongoing crypto crackdown, it is still legal today to own bitcoin in China and trade it amongst friends and strangers but not through platforms or businesses.
07/27/2021
To support development in Asia specifically, we have provided three essential things to consider when planning for regulatory compliance.
07/26/2021
The company and its affiliated businesses have been told that they can no longer engage in exclusive deals over music rights and must dissolve any existing agreements within 30 days.
07/26/2021
“We’ve launched our new strategy in response to staff feedback,”