381-390 of 434 results
New APRA prudential standard raises bar for information security obligations and incident notification requirements
As companies and regulators across the world grapple with ever-increasing cyber security threats, Australia's financial services regulator, APRA, has released the final form of a new prudential standard, which imposes heigtened security obligations for APRA-regulated entities ...
Controversial encryption legislation passed
The Governments highly controversial encryption legislation was hastily passed through Parliament last week making it the first legislation of its kind globally Partner Valeska Bloch and Paralegal Sophie Peach report ...
Pseudo-investments and mobile apps - a new frontier for regulators
It is hardly surprising that the Australian Securities and Investments Commission ASIC has taken an interest in the mobile app market given that there has been an aggressive expansion into the mobile space by financial services providers ASIC has recently cracked down on web and mobile based OTC ...
Crowd sourced equity funding to gain traction with new legislation
After a difficult journey both Houses have passed the Corporations Amendment Crowd-sourced Funding Bill 2016 - introducing a new funding avenue for Australian startups and an opportunity for retail investors to access equity in emerging companies ...
Bankruptcy and insolvency law reforms and the innovation agenda
The Federal Government has released a Proposals Paper on possible changes to bankruptcy and insolvency laws that will form part of its broader National Innovation and Science Agenda Reform to bankruptcy and insolvency law has been identified as an area that could contribute to changing the culture ...
Amending the misuse of market power prohibition
On 1 December 2016 the Federal Government introduced a Bill to Parliament to amend section 46 of the Competition and Consumer Act 2010 Cth which prohibits the misuse of market power The Bill adopts the recommendations of the Harper Review ...
ASIC announces fintech licensing exemptions
As part of its implementation of the regulatory sandbox for fintech companies ASIC is providing relief for certain fintech businesses from the obligation to hold an Australian financial services or Australian credit licence Relief may be available for up to 12 months and may be useful to businesses ...
United States implements novel sanctions regime to combat cyber threats
President Barack Obama has issued an Executive Order enabling the US Department of Treasury to implement targeted sanctions against foreign individuals or entities whose cyber-enabled activities result in significant threats to the national security foreign policy economic health or financial ...
Allens advises Development Victoria on sale of Fibre to the Home network
Allens has advised Development Victoria on the sale of its Fibre to the Home network to RedTrain Networks Pty Ltd. The sale includes the network, which sits across six of Development Victoria's ...
The fintech phenomenon - risks and opportunities
Everyone is talking about fintech What is it And what does it mean for the financial services industry and for regulation ...