Managers of Wealth Asia Pacific

Halifax auditor pleads guilty to criminal charges

The charges against EC Audit and Mr Evett follow an ASIC investigation into Halifax which commenced in 2019.

New Hong Kong Guidelines on Enhanced Disclosures for ESG Funds in 2022

The new guidance, announced on 29 June 2021 via a circular (the Circular), will take effect from 1 January 2022, supplanting existing guidelines last updated in April 2019.

Hong Kong court makes non-commencement order against executive behind Hong Kong’s biggest ever corporate failure

The court dismissed the application by the bankrupt, James Henry Ting

MAS Consults on Revised Reporting Rules for OTC Derivatives

The consultation sets out MAS’ proposed approach in relation to UTI generation and the proposed reportable data fields, including UTI, UPI and CDE.

Indonesian regulator may issue digital banking rules this month, report says

The launch of digital banking rules may pave the way for ride-hailing companies to enter the financial services sector, according to a fund manager at a Jakarta-based asset management company.

Applebys Hong Kong Office acts as Cayman and BVI Counsel to Datang Group Holdings Limited on its Issuance of USD300 Million 12.50% Senior notes due 2022

Datang is a property developer in China focusing on the development of residential and commercial properties in selected economic regions.

ASIC tips for tackling debt

‘Remember, you may be able to get a similar service for free so before engaging a debt management service, understand how much you will be charged and make sure the company is a member of AFCA’,

FATF Examines Collaborative Analytics and the Need for Privacy

The report examines commercially available or emerging technologies that facilitate advanced AML/CFT analytics within regulated entities, and technologies that allow collaborative analytics between FIs.

Debt management licensing regime has commenced

ASIC will be closely monitoring compliance with the new laws, including identifying unlicensed conduct and taking action where necessary.

Linklaters advises on India's highest rated US dollar bond offerings to date

The Linklaters team was led by capital markets partners Amit Singh and Michele Discepola

Hong Kong confirms new licensing regime for virtual asset services providers

The proposed licensing regime will be more encompassing and requires mandatory licensing for all virtual asset exchanges

Singapore regulator seeks power to enter financial adviser premises without notice

The proposed amendments will be made under a Financial Institutions (Miscellaneous Amendments) Bill

Alleged Nickel Fraudster Swindled Millions for Lux Lifestyle

About S$119.7 million was attributed to investor withdrawals with S$64.5 million of outflows yet to be verified.

Rise of the Hong Kong ILS market – Insurance Authority publishes Guidelines on Application to carry on Special Purpose Business

The SPI and any intermediary involved in an ILS transaction must also observe the sales restrictions in the SPB Rules as well as guidelines, codes

EU's 2050 climate neutrality law ups pressure on Asia

Adoption of regulatory framework for sustainability puts Europe far ahead of world's other regions

MAS issues Prohibition Orders against Ms Suzannah Khoo Lee Sun for dishonest conduct

Ms Khoo was a representative of Prudential Assurance Company Singapore (Pte) Limited (PACS)

China Widens Probe Beyond Didi, Roiling Global Investors

Investors responded by dumping Chinese tech stocks in Hong Kong and sending shares of SoftBank Group Corp., a backer of both Didi and Full Truck, to an seven-month low in Tokyo.

Banks accused of Beijing-backed ‘asset grab’ as Hongkongers in UK denied access to pension savings

Thousands of Hong Kong people applied for a new BN(O) visa after Britain infuriated Beijing earlier this year by offering sanctuary amid a crackdown on freedoms in the city. Now those seeking refuge - and a new life - in the UK say they are being denied a

Closing remarks at the HKMA's "Unlocking the Power of Regtech" Event

Arthur Yuen, Deputy Chief Executive, Hong Kong Monetary Authority

Consortium Proposes to Create Impact Reporting Rules for Banks

Banking for Impact has also published a Vision Paper outlining plans to build an IMV approach that includes the quantification, valuation, attribution and aggregation of impacts for the financial sector – standards that do not yet exist for financia

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