11-20 of 380 results

Less than one year before the new foreign financial services providers regime begins
Insight 14 Apr 2021

The key changes to the existing foreign financial services regime are the repeal of 'Sufficient Equivalence Relief' and 'Limited Connection Relief'. It's time for FFSPs to think about what your options are and what actions need to be taken to be ready for the new regime. ...

Proposed new responsible lending laws pass the House of Representatives
Insight 24 Mar 2021

On Monday 15 March 2021, the National Consumer Credit Protection Amendment (Supporting Economic Recovery) Bill 2020 passed the House of Representatives, and was introduced in the Senate the following day. This followed the release of the Senate Economics Legislation Committee Report on the Bill. ...

'Remediation' as a legal term
Insight 24 Mar 2021

ASIC's recent consultation paper (CP335) on proposed changes to its remediation guidance (RG256) may have created further space between what is legally required of remediations and what ASIC may expect of them. ...

The end is more nigh: FCA announces official LIBOR cessation dates
Insight 12 Mar 2021

On 5 March the UK LIBOR regulator, the FCA, announced cessation dates for the vast majority of LIBOR settings. As expected, the key date will be end of this year (ie 31 December 2021) for most ...

ASIC immunity to whistleblowers
Insight 26 Feb 2021

ASIC's immunity policy provides immunity from the 'market misconduct' provisions (including insider trading, false and misleading conduct and dishonest conduct) to the first person who reports the misconduct to ASIC where multiple persons are involved. ...

Trends in corporate crime and what you can expect in 2021
Insight 22 Feb 2021

We bring you an update on recent trends in the corporate crime space in Australia, with a focus on enforcement priorities and activities, proposed law reform and emerging risks in 2021 and beyond. ...

'Your Future, Your Super' reforms introduced to Parliament
Insight 19 Feb 2021

The Government has introduced the Treasury Laws Amendment (Your Future, Your Super) Bill 2021 into the House of Representatives. The Bill proposes a number of reforms which, in all likelihood, will significantly alter the shape of the industry. ...

Proposed changes to Credit Risk Management Prudential Standard (APS220)
Insight 23 Dec 2020

In the absence of the Responsible Lending Obligations, lending by Australian banks will be regulated by APRA. This means the new Credit Risk Management Prudential Standard (APS220) will be the central legislative guidance in designing consumer assessment and lending protocols. ...

Government introduces the Financial Sector Reform (Hayne Royal Commission Response No. 2) Bill 2020
Insight 23 Dec 2020

The Financial Sector Reform (Hayne Royal Commission Response No. 2) Bill 2020 aims to implement the Hayne Royal Commission recommendations in relation to changes to ongoing advice fee arrangements, superannuation trustees passing on advice fees and requiring AFSL holders or authorised representatives (providing entity) to disclose a lack of independence when providing personal advice to retail clients. ...

ASIC publishes final version of Regulatory Guide on Design and Distribution Obligations
Insight 14 Dec 2020

An overview of how the final RG deals with a key questions raised by issuers and distributors for Design and Distribution Obligations. We look at issues relevant to all industries, and then some particular questions for banking, superannuation and investments, and insurance. ...

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