3791-3800 of 4473 results
Cartel Confessions: the latest Cartel Immunity Policy commences
ACCC's new Cartel Immunity and Corporation Policy which came into effect on 1 October 2019, now excludes concerted practices and requires a higher level of cooperation from parties seeking to obtain cartel immunity. ...
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 ...
2017 Budget: increased scrutiny on competition in the financial system
The financial services sector has been under scrutiny for some time with many different voices clamouring for further regulation or inquiries in a sector that is already highly regulated The recent Federal Budget included a number of measures focused on the state of competition in the financial ...
Take care with agency arrangements - Flight Centre decision
The High Court has handed down its decsion in the high profile ACCC proceedings against Flight Centre where the organisation competed with airlines in the sale of international airline tickets and attempted to induce three major airlines to enter price-fixing arrangements. ...
The Asia Region Funds Passport begins to take shape
Its been a busy few months for the development of the Asia Region Funds Passport In late August the Federal Government released exposure draft legislation to accommodate the introduction of the Passport in Australia Once implemented the Passport will allow fund managers from participating economies ...
Draft rules and more consultation for the Asia Region Funds Passport
APECs Working Group on the proposed Asia Region Funds Passport has issued a second consultation paper on the rules and operational arrangements for the Passport and seeks views from the public on a limited number of issues Managing Associate Janna Vynokur and Senior Associate Matthew Symmons report ...
ASIC extends by a further year licensing relief for foreign financial service providers
The recent ASIC Corporations Amendment Instrument 2018807 extends by a further year licensing relief for foreign financial service providers who carry on a financial services business in Australia without an Australian financial services licence While its another welcome licensing reprieve for such ...
High Court examines powers of responsible entities
The High Court has reaffirmed the powers of a responsible entity are ultimately derived from the scheme's constitution, but the exercise of those powers is constrained by the statutory and fiduciary duties imposed on the responsible entity. ...
Asia Region Funds Passport - what's in store for 2014?
At the recent APEC conference in Bali the finance ministers of Australia New Zealand Singapore and South Korea signed a formal Statement of Intent on the establishment of the Asia Region Funds Passport which will allow fund managers based in participating countries to market and sell certain managed ...
ASIC steps up its attack on the use of stub equity in control transactions
ASIC has issued its promised consultation paper on the use of stub equity in control transactions, which will, if adopted, have the potential to make the use of stub equity as an alternative form of consideration in schemes and takeovers more difficult. ...