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. ...

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. ...

APRA has released for consultation its draft Prudential Practice Guide (Investment Governance) (SPG 530), which updates its existing guidance (now nearly a decade old) on how RSE licensees should practically implement updated Prudential Standard SPS 530 (SPS 530). ...

As expected, increased regulation of the Buy Now Pay Later (BNPL) industry is becoming more likely following Treasury's release of the options paper, Regulating Buy Now, Pay Later in Australia (Options Paper). ...

In this Insight, we examine the court's interpretation of the s912A obligation and provide guidance on mitigating misleading and deceptive conduct risk for AFS licenses. ...

Webinar: Financial services regulatory update: Secret commission offence provisions for SFTs; derivatives regulation and ASIC's Reportable Situations Regime ...

We provide an overview of the proposals and key implications for RSE licensees relating to APRA's discussion papers on financial resources for risk events and superannuation transfer planning ...

ASIC has recently published a paper (here) recording high-level insights on themes and trends observed in reports received from AFS and credit licensees under the new Reportable Situations Regime (the Regime). ...

Webinar: September financial services regulation update ...

Webinar: November financial services regulation update ...