561-570 of 1047 results
New rules on foreign investment in Vietnamese credit institutions
The long-anticipated changes to the rules on foreign investment in Vietnamese credit institutions allowing greater levels of foreign investment particularly in the case of weak banks will soon come into effect Partner Robert Fish and Senior Associate Linh Bui report ...
Strata title reform in NSW - potential impact on developers
The NSW Governments proposed reforms to strata title laws may impose greater obligations and costs on developers that could be passed on to buyers adding pressure to property prices The NSW Governments view however is that these impacts will be offset by a reduction in disputes Partner Nicholas ...
ASIC proposes changes to fees and costs disclosure
ASIC has released for industry comment a draft Class Order which would amend the fees and costs disclosure requirements that apply to superannuation and managed investment products The key proposed amendments relate to the way in which indirect costs must be disclosed Senior Associate Simun Soljo ...
ASIC's (limited) guidance on superannuation fees and costs disclosure
Today 1 July sees the implementation of changes to the fee and cost disclosure rules for superannuation and managed investment products While a new information sheet from ASIC provides guidance on certain aspects of the new rules superannuation trustees have been left to grapple largely unaided with ...
Another step towards prudentially regulating conglomerate groups
The Australian Prudential Regulation Authority has taken another step towards implementing its prudential framework for the supervision of conglomerate groups While it has made some new prudential standards that are specific to conglomerate groups and extended some of its existing standards to such ...
ATO rules on Bitcoin - not enough purchase to be money
The Australian Tax Office has released draft rulings stating their view that the digital currency Bitcoin is property and not money Partner Gavin Smith Associate David Rountree and Associate Tom Tian consider the potential consequences for Australian businesses using Bitcoin ...
Bringing light to the shadows: regulation of the Australian shadow banking sector
The Financial Stability Board has been working since the GFC to develop a policy framework that mitigates the systemic risks of the shadow banking sector while simultaneously preserving its benefits We examine international developments in shadow banking and the Boards proposed regulatory response ...
Changes to tax rules for offshore investment
A Bill is currently before Federal Parliament that will more closely but not completely align the foreign non-portfolio dividend NANE treatment with debtequity concepts Partner Martin Fry and Senior Associate Jennifer Richards report on the changes ...
What do the product intervention powers of the UK financial conduct regulator look like?
If you have been following the Financial System Inquiry you will not have missed the idea of giving the Australian Securities and Investments Commission ASIC additional product intervention powers These powers exist in the UK What do they look like This question is more relevant than ever right now ...
ASIC releases paper on collective action by institutional investors
ASIC has released its consultation paper on collective shareholder actions which calls for feedback on a draft update to Regulatory Guide 128 The consultation paper illustrates ASICs current albeit preliminary views on the tension between fostering increased investor engagement on the one hand and ...