Managers of Wealth Asia Pacific

Australian Strategy Partners teams up with OC&C Strategy Consultants

Australian Strategy Partners focuses on three offerings: strategy development, commercial due diligence and top-line growth, backed by a data-driven approach.

Christopher Bickley Named Asia’s Top Offshore Lawyer Once Again

Asian Legal Business’s Offshore Client Choice List recognises 10 outstanding lawyers from offshore law firms who have exceeded client expectations.

Thailand regulator okays bourse’s proposal to let SMEs, startups go public, report says

SEC spokespersons did not immediately respond to questions from Asia Asset Management.

Hong Kong’s MPFA new chief to keep eMPF launch on schedule

Launched in 2000, the MPF had around HK$1.1 trillion (US$141.02 billion) of total assets under management as of December 2020.

Full Steam Ahead: Second Draft of China's Personal Information Protection Law and Data Security Law

The effect of this article is that online platform service providers based overseas

Appleby Advises Ascendent Capital Partners on the Offshore Aspects of Multiple Transactions

Both transactions were led by Partner David Bulley, Relationship Partner for ACP and Head of Asia Private Equity, M&A and Corporate Restructuring in Appleby’s Hong Kong office, with assistance from Legal Manager Alejandra Gonzalez-Saucedo.

REX pays $66,000 penalty for alleged continuous disclosure breach

REX scheduled an interview with the Australian Financial Review

ASIC cancels AFS licence of Robert Bayntun Starky

Australian financial services licensees must comply with their licence conditions

Doctor referrals would fail FASEA Standard 3

Looking at Standard 3, he said the primary ethical duty in was that, “if you have a conflict of interest or duty, you must disclose the conflict to the client and you must not act”.

Philippine AMLC to Penalise Firms for Incorrect STR Filings

The AMLC is currently collecting data from real estate brokers and developers as part of an environmental scanning exercise for the sector.

ASIC cancels financial services and credit licences of Direct My Wealth Pty Ltd

ASIC cancelled the licences because Direct My Wealth failed to lodge its 2020 audited financial accounts

Bubble risks test China’s commitment to fiscal and monetary policy easing

Price gains threaten central bank’s ability to restrain inflation without hiking rates

SFC to Investigate, Punish Misconduct in ‘Problematic’ IPOs

The SFC will work closely with SEHK to critically review each listing applicant’s valuation, such as comparing its price-to-earnings ratio against listed peers, to assess compliance with the minimum market cap and other initial listing requirements.

Ex-MD of fund manager in liquidation charged

ASIC said that all the alleged offending occurred in November 2019 and Grofski was released on bail and the matter adjourned to 16 July 2021 before the Brisbane Magistrates court for further mention.

Former van Eyk chief charged

The regulator alleges that between 31 January 2014 and 20 February 2014, Thomas facilitated a near-$5 million investment from Blueprint Investment Management Limited (BIML) while also a director of BIML.

Former managing director Holly Grofski charged

The alleged offending occurred in November 2019.

Renewal of Bilateral Swap Arrangement between Japan and Singapore

Both authorities agree that the continued bilateral financial cooperation will contribute to financial stability in both countries, and support growing bilateral economic and trade ties.

India: PAN requirement relaxed for capital gains exemption for eligible nonresidents

Corresponding amendments also have been made to Form 49BA for providing the above additional information.

DBS Can Fund $2 Billion Bid for Citi India Unit, Bernstein Says

Citi acquisition seen hitting bank’s 2021 dividend payout

REX pays $66,000 penalty for alleged continuous disclosure breach

ASIC found there are reasonable grounds to believe that REX was in breach of its continuous disclosure obligations

Legal, Regulation & Compliance