Tag Archives: banking law

Financial Services in Focus – Issue 30

Funds and financial products

Treasury releases draft Design and Distribution Obligations Regulations

On 12 September, Treasury released for public consultation exposure draft regulations to support the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019 (‘Act’) and an exposure draft explanatory statement.

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Financial Services in Focus – Issue 29

Funds and financial products

ASIC approves AFCA rule change enabling the naming of firms

On 26 August, ASIC stated it approved changes to the Australian Financial Complaints Authority (AFCA) Rules to allow the scheme to name financial firms in published determinations. The approval was given under section 1052D of the Corporations Act, which enables ASIC to approve a material change to the AFCA scheme on the request of AFCA.

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Financial Services in Focus – Issue 26

Funds and financial products

ASIC issues guidance to licensees to protect against share sale fraud

On 17 June, ASIC issued guidance for Australian financial service (AFS) licensees about how they can mitigate the risks to their clients and business of share sale fraud. The guidance is in Information Sheet 237 Protecting against share sale fraud (INFO 237)

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Financial Services in Focus – Issue 24

Financial markets

ASX releases a revised version of Guidance Note 33 Removal of Entities from the ASX Official List

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Financial Services in Focus – Issue 23

Funds and financial products

ASIC survey of marketplace lending providers

On 12 April, ASIC released Report 617 Survey of marketplace lending providers: 2017–18 and an accompanying infographic.

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Financial Services in Focus – Issue 14

Funds and financial products

ASIC again warns financial firms to join Australian Financial Complaints Authority

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Financial Services in Focus – Issue 10

Funds and financial products
ASIC updates guidance for trustees of wholesale equity schemes

On 4 September, ASIC released Regulatory Guide 192 Licensing: Wholesale equity schemes following public consultation.

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Financial Services in Focus – Issue 8

Funds and financial products
ASIC identifies areas of improvement for exchange traded products

On 2 August, ASIC released a completed review of the exchange traded products (ETP) market in Australia, including exchange traded funds, aimed at ensuring the market is delivering on promises to investors.

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Financial Services in Focus – Issue 5

Funds and financial products

ASIC releases guidance for its oversight of the Australian Financial Complaints Authority

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Financial Services in Focus – Issue 2

Funds and financial products

Government releases terms of reference for the 2018 Terrorism Insurance Act Review

On 30 April the Government announced that it has commenced the 2018 review of the Terrorism Insurance Act 2003 (Cth) (TIA), and released its terms of reference.

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