181-190 of 306 results
ASIC's report on member experience of superannuation - ASIC continues to set a high bar
ASIC Report 529 Member experience of superannuation released just a day before the Productivity Commission officially sets its sights on assessing the state of the superannuation system serves as a timely reminder of the ever-increasing expectations of the conduct and disclosure practices of ...
The BEAR roars into action
The Federal Government has released the exposure draft of the Treasury Laws Amendment Banking Executive Accountability and Related Measures Bill together with a draft Explanatory Memoradum This follows on from the release of the Banking Executive Accountability Regime BEAR consultation paper in July ...
FX global code update
The FX Global Code was launched in Australia earlier this year and applies to market participants including most financial institutions bank asset managers brokers and E-trading platforms The Code sets out 55 best practice principles and although compliance is voluntary it is expected that these ...
BEAR Bill implementation date likely to change
This afternoon the Senate Standing Committee on Economics released their report on the Treasury Laws Amendment Banking Executive Accountability and Related Measures Bill 2017 BEAR Bill The Economics Committee recommends that the BEAR Bill be passed but recommends the commencement date be pushed out ...
The BEAR has dropped, where to from here?
The commencement date of the BEAR legislation is fast approaching and institutions should start planning how to comply with the regime We look at the changes made to the BEAR legislation following industry submissions the timing for implementation and key steps to take ...
Updated guidance on conflicted remuneration and other banned benefits
Earlier today ASIC released an updated version of Regulatory Guide 246 concerning conflicted remuneration and other banned benefits such as volume-based shelf-space fees The changes are largely to address the life insurance remuneration reforms which take effect on 1 January 2018 But there are other ...
Breach reporting by AFS licensees
In the hurly burly of the Royal Commissions recent hearings concerning financial advice you may have missed some very important information about breach reporting by AFS licensees contained in the witness statement prepared by Mr Peter Kell Deputy Chair of ASIC ...
A development from the English Court of Appeal regarding legal professional privilege in internal investigations
In a recent judgment the English Court of Appeal reversed a controversial High Court decision that had severely limited the application of legal professional privilege in internal investigations under English law The decision has consequences for Australian corporates conducting cross-border ...
Review into four major banks - money for consultants?
The Parliamentary Economics Committee released its report following its review into Australias four major banks yesterday Our Financial Services Regulation team has a look at the recommendations in this update ...
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 ...