Regulatory & Compliance

Expatriate investors in Asia have lost hundreds of millions of dollars through UK-listed life insurance companies whose offshore subsidiaries and financial adviser "agents" were neither registered...
January 2017
Hong Kong's Court of Appeal on Wednesday, 11 January, began hearing Moody's appeal against a tribunal decision that partly upheld regulatory action imposed on it for a report on Chinese...
January 2017
Hong Kong's Securities and Futures Commission ("SFC") should act less like a prosecutor and more like a fair-minded regulator in cases relating to corporate disclosure, a court said. In a key...
January 2017
Regulators in the major Asia-Pacific financial centres will continue their supervisory focus on trade-based money laundering in the year ahead, officials said. Authorities in Singapore and Hong...
January 2017
Around 30 banks in Hong Kong have been told by the Hong Kong Monetary Authority ("HKMA") to complete a cyber resilience assessment before the end of September next year...
December 2016
The proposed US person definitions under the Commodity Futures Trading Commission's ("CFTC") cross-border swap rules are expected to pose a high level of compliance burden to market participants...
December 2016
China's foreign exchange regulator said on Wednesday it busted illegal transactions totalling $2.7 billion in Shanghai in cooperation with the police in 2016, and suspended three unnamed banks...
December 2016
A recently announced regime for mapping managers in charge of financial firms' regulated activities in HongKong will be a burden to locally-based compliance and legal staff, sources said....
December 2016
China's central bank stepped in to urge major commercial banks to lend to non-bank financial institutions on Thursday afternoon after many suspended interbank operations amid tight liquidity...
December 2016
Singapore has proposed new rules that would require investors to report short sales of shares – a further sign authorities are stepping up scrutiny of investors who take a negative view on...
December 2016
China's central bank will tighten supervision of shadow banking businesses by including off-balance sheet wealth management products ("WMPs") into its risk-assessment framework next year, sources...
December 2016
Hong Kong's securities regulator issued two restriction notices on Friday, 16 December, to Interactive Brokers LLC ("IBLLC") and Interactive Brokers Hong Kong ("IBHK"), after it...
December 2016
China's securities regulator said on Friday, 16 December, it had approved the launch of options contracts for white sugar and soymeal, which will be the first agricultural derivatives products in the...
December 2016
Hong Kong's banking regulator has launched a competency framework for cyber security, as part of a bid to help banks in the territory offer reliable and innovative banking services. The ...
December 2016
China's insurance regulator has issued warnings to 10 companies after they failed to properly carry out self-inspections on their risk levels, the Securities Daily newspaper reported on Friday, 16...
December 2016
Hong Kong's financial firms must register managers responsible for the day-to-day running of regulated activities in an effort to make individuals more accountable, its securities regulator...
December 2016
Expert evidence – disqualification proceedings against company directors under s. 214(2)(d) – leave to file and serve expert evidence on PRC law – proceedings subject to Practice Direction 5.2 –...
December 2016
Hong Kong, Singapore and Australia will introduce strict new rules for trading over-the-counter ("OTC") derivatives on 1 March, as the three jurisdictions look to implement international reforms...
December 2016
Given its importance, the topic of the SFC’s new “suitability clause” (to be incorporated into financial intermediaries’ client agreements) has featured in several previous editions of this journal...
December 2016
On 27 September 2016, the State Administration for Industry and Commerce (“SAIC”) circulated for public comment the Announcement of the State Administration for Industry and Commerce on...
December 2016