51-60 of 582 results
Design and distribution obligations for investment products – ASIC's latest expectations
ASIC has released Report 762 (the Report) following its recent review into how investment product issuers are complying with the Design and Distribution Obligations (DDO) regime. The report summarises ASIC's findings and highlights areas for improvement. ...
Breach reporting
In this Insight, we provide an overview of the Regulatory Guidance 78: Breach reporting by AFS licensees and credit licensees (RG 78) updates, and discuss some of the issues ASIC has left on the table for round two. ...
ASIC report on life insurance in superannuation
ASIC report on life insurance in superannuation and actions for superannuation trustees. In this Insight, we highlight further action superannuation trustees should be taking as identified in the Report against the backdrop of their regulatory obligations. ...
DDO conditional relief: facilitating the reissue of life insurance policies
In a welcome move for life insurers reissuing or reinstating certain life policies, ASIC has registered the ASIC Corporations Instrument 2023/183. In this Insight, we provide a brief overview of the purpose of the Instrument and the relief granted by ASIC. ...
Recovery and exit planning – new requirements for APRA-regulated entities
APRA has released Prudential Standard CPS 190: Recovery and exit planning (CPS 190), which aims to ensure that all APRA-regulated entities are prepared for scenarios that may impact the financial viability of their business. In this Insight, we provide an overview of the new requirements in CPS 190. ...
Quality of Advice Review final report - a snapshot
We provide an overview of the recommendations and implications for industry. If fully implemented, the changes would be the most radical overhaul of the financial advice laws since FoFA. ...
Regulating crypto – token mapping consultation paper hints at future licensing regime
The Australian Government published its consultation paper Token Mapping. In this Insight, we provide an overview of the Government's proposed approach and how it will impact regulatory reform in the crypto-asset sector. ...
Allens advises JANA on transition to full management ownership
Under the deal, JANA's management has acquired Insignia's 45 per cent shareholding, having acquired a 55 per cent share of the business from MLC Wealth (subsequently acquired by Insignia Financial) ...
ASIC releases final revised Derivatives Transaction Reporting Rules
The ASIC Rules on Derivatives Trade Reporting are being renewed and revised to be simpler and more consistent with international standards. The final revised rules were made this week and are due to take effect on 21 October 2024. The current rules have been extended until then. ...
Consultation paper on Strategic Plan for the Australian payments system
Treasury has released a consultation paper on its Strategic Plan for the Australian payments system. The Commonwealth Government is seeking feedback on the proposed contents of the Strategic Plan, with submissions due by 6 February 2023. It is intended that the inaugural Strategic Plan will be released in the first quarter of 2023. ...