Sustainability Report 2024
Private markets and wealth management: a growing connection
How technology enables broader access to private markets
16 March 2023
APAC update: Money Laundering and Terrorism Financing (ML/TF) risks in the wealth management sector
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10 March 2023
The policy objectives are to safeguard Hong Kong’s monetary and financial stability while supporting financial innovation, and to adopt the relevant international regulatory recommendations.
28 February 2023
Read our latest regulatory and compliance update focusing on Bermuda by Rebecca Holloway.
The SEC has proposed changes to its Custody Rule that can present compliance challenges for investment advisers
23 February 2023
On 7 February 2023, the Securities and Exchange Commission (the “SEC”) Division of Examinations (the “Division”) published its <a href=”https://www.sec.gov/files/2023-exam-priorities.pdf”>2023 examination priorities</a>. For Registered Investment Advisers (“RIA”), the significant focus areas will be familiar, but with a deeper focus on crypto assets and the Marketing Rule.
On October 25, 2022, the Financial Conduct Authority (“FCA”) issued a Consultation Paper aimed at fighting greenwashing on investment products. The consultation ran from October 25, 2022 to January 23, 2023 and built on an earlier Discussion Paper on Sustainability Disclosure Requirements.
On 22 December 2022, through the publication of a consultation document and supporting proposed documents/rulebooks, the Malta Financial Services Authority (“MFSA”) invited stakeholders to provide their views with respect to a new proposed regime – the Notified Professional Investor Fund (“NPIF”).
26 January 2023
On 7 December 2022, Hong Kong passed its amended AML Ordinance (AMLO), introducing a licensing regime for VASPs, a two-tier registration regime for Precious Metals and Stones as well as other amendments to align with Financial Action Task Force standards.
24 January 2023
Jennifer Vella, Senior Risk Executive at ZASMalta explains the advantages of having a proper functioning risk management function.
23 January 2023
Geopolitical challenges last year led to an energy crisis which will have long-term implications for the world economy. Past market experiences such as inflation and higher interest rates seem unlikely to abate during 2023, as the recession deepens. The fund managers that will succeed in 2023 and beyond will be those who are able to embrace uncertainty and seek out opportunities for efficiency and innovation to support both their portfolios and their investors during this period of market dislocation.
19 January 2023
ASIC has issued an infringement notice to Diversa Trustees Limited in respect of alleged greenwashing by Cruelty Free Super.
