Managers of Wealth Asia Pacific

New offices for Carey Olsen Singapore

t is also the only office in Asia to offer on-the-ground legal advice on the laws of Bermuda, the British Virgin Islands, the Cayman Islands and Jersey.

Forex CT ordered to pay $20 million penalty and sole director disqualified, fined $400,000

Forex CT offered clients opportunities to trade in contracts-for-difference (CFDs) and margin foreign exchange contracts issued by the firm.

APRA releases letter to ADIs on implementation of capital framework reforms

APRA is now writing to ADIs to set out a clear timeline to finalise the consultation phase, and to support the banking industry’s implementation of the reforms.

Fraud claims over Scottish ‘mini-umbrella’ firms with directors in Philippines

New research estimates that about 600 “mini-umbrella” companies have been set up to take advantage of the employment allowance

China Mulls Shareholding Restructuring for Huarong

External investors are also being considered to reduce the finance ministry’s controlling stakes.

MAS issues Prohibition Orders against Mr Younis Adnan Mohammed for fraud and dishonest conduct

Mr Younis pleaded guilty and was convicted of one count of forgery and one count of providing false information to a public servant under section 465 and section 182 of the Penal Code respectively.

Enhanced RMB Conversion Arrangement for Bond Connect

The new arrangement presents new opportunities to settlement banks in Hong Kong as overseas investors investing in the CIBM via Bond Connect are given more choices in their selection of banks for the provision of foreign exchange services.

'Your Future, Your Super' exposure draft regulations – what they mean for the super industry

Much anticipated draft regulations for the 'Your Future, Your Super' Bill contain some surprises

China updates regulation on wealth management market

The CBIRC has given firms a six month transition period to comply with the requirements.

Conyers Wins Two Awards

Partner Richard Hall advised Huazhu Group Limited on its secondary listing of shares in the company on the Main Board of The Stock Exchange of Hong Kong Limited.

Japan's Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit

The news follows the Bank of Japan Governor Haruhiko Kuroda criticizing digital currencies for speculation.

ASIC issues information sheet on activist short selling in Australia

To protect the integrity of Australia’s securities markets, activist short sellers, target entities, market operators and market participants should apply the better practices outlined in INFO 255.

Union Standard director banned

ASIC also found Mr Martin failed to implement and enforce compliance policies and procedures.

Hong Kong Launches Banker Bubble

«Senior executives of licensed corporations or their overseas affiliates who are fully vaccinated and meet the eligibility criteria may apply for exemption from the compulsory quarantine arrangements when they return or travel to Hong Kong,»

Hong Kong SAR: Amending AMLO: The Next Step on the Road to Regulating Virtual Assets

In the Conclusion the FSTB has confirmed the approach it will take will be in line with most of the proposals in the Consultation Paper

Reserve Bank takes TSB to court on anti-money laundering law breaches

The Reserve Bank is taking TSB Bank to court for breaching anti-money laundering laws

China’s Banking Regulator Adds Limits on Wealth Management Marketing

Otherwise the China Banking and Insurance Regulatory Commission’s final regulations differ little from the draft released five months ago that blocked WMP sales on internet platforms.

Govt faces defeat on YFYS bill

The APRA analysis showed that as at the end of the March 2021 quarter, 54% of the $2.0 trillion investments were invested in equities, with 27% in international listed equities, 23% in Australian listed equities and 4% in unlisted equities.

BSP Islamic banking liquidity risk rules out

During the observation period, the IB and IBU shall submit quarterly reports to the Bangko Sentral for monitoring purposes.

ICMA, Bloomberg Publish APAC Guide on Tough Legacy Bonds

The report says 74 percent of this is primarily concentrated among financial issuers.

Legal, Regulation & Compliance