Managers of Wealth Asia Pacific

Tokyo Bourse Sets 1 Feb Launch Date for CONNEQTOR Platform

“We are pleased to announce that development has been successfully completed and CONNEQTOR will go live on 1 February 2021.”

Victorian director disqualified from managing corporations for four years

ASIC is a member of the Phoenix Taskforce, which comprises federal, state and territory government agencies who collaborate to combat illegal phoenix activity.

Seven licensees add new adviser roles

HFS’s director Colin Williams noted that those figures should be looked at very carefully as some of them might be backdated into 2020 since the licensees had 30 days to report their adviser movement.

William O’Neil rolls out first onshore fund in China

The firm will be competing against several foreign quant managers that have entered China's private market. It also intends to apply for a QDLP licence.

BOJ Is Said to Mull Downgrading View of Economy Amid Emergency

The economic impact of the moves will be a key topic at the two-day policy meeting ending on Jan. 21, the people said.

Maples Group Recognised for Excellence in Asia by China Business Law Journal

The research, which is conducted annually, acknowledges 200 elite lawyers [who work] for China-related businesses (including 100 lawyers in PRC law firms and 100 lawyers in foreign law firms).

APRA publishes new FAQ for ADIs on measurement of credit risk weighted assets

The FAQ is available on the APRA

China Enhances Market Maker Rules for Interbank FX Market

Under the new guidelines, SAFE will delegate the entry and exit management of market making institutions to CFETS (China Foreign Exchange Trade System).

CBIRC Penalises State-owned Financial Institutions and Subsidiaries

ICBC’s penalty follows the arrest of two officials from its wealth management unit, reported by Caixin in December 2020.

CSRC Issues Final Rules on Convertible Corporate Bonds

The rules also enhance requirements for issuers to disclose major events, and set out measures to improve conversion price determination, amendment and adjustment by issuers.

RBI Directs Banks to Enhance Internal Audit Function

A minimum period of service for staff in the internal audit function should be specified by the Board, except for entities where the internal audit function is a specialised function and managed by career internal auditors.

SEC bans a former investment consultant for 4 years and 8 months due to wrongful acts against an investor’s asset

Following the investor’s complaint and SEC’s further investigation

PBOC Outlines Work Programme, Policy Priorities for 2021

The annual work meeting featured speeches from PBOC governor Yi Gang and deputy governor Guo Shuqing.

ASIC cancels AFS licence of Halifax Investment Services

The joint hearing of the Federal Court of Australia and High Court of New Zealand seeking orders in relation to the distribution of client moneys held by Halifax commenced on 30 November 2020 and concluded on 9 December 2020.

Walkers adds 25 Bermuda Registered Associates in Asia

Walkers adds 25 Bermuda Registered Associates in Asia: Becoming the second largest Bermuda legal offering in the region

MAS urges Singapore consumers to replace physical notes with remote e-gifting over Lunar New year

For those who prefer giving new physical notes, five banks will implement an online reservation system for such notes.

Taiwan FSC Approves Banks for Second Phase of Open Banking

The seven banks included in phase two are South China Commercial Bank, Yuanta Commercial Bank, CTBC Bank, Mega International Commercial Bank, First Commercial Bank, Cathay United Bank, and Far Eastern International Bank.

Won’s Strength Puts Spotlight on Bank of Korea Policy Meeting

Korean officials will also be wary of raising the ire of the U.S. with any large scale intervention after the Treasury Department kept the country on its monitoring list in December.

Top accounting professional cited

A Certified Public Accountant, Marivic served various positions in the Philippine Institute of Certified Public Accountants (PICPA), including the 2017 Chairmanship of the Metro Manila Region and national director for several terms.

EFCO Limited, New Zealand announces collaboration with Shariyah Review Bureau, Bahrain for Islamic Financing products in New Zealand

The engagement comes as EFCO integrate Shari’a compliance to its set of assets & debt-based products.

Legal, Regulation & Compliance