WEEKLY BLOG

This week's blog covers ASIC's evolving approach to DDO, AUSTRAC's newest enforceable undertaking and developments in the banking sector abroad. ...

This week's update contains the news we have all been waiting for - FAR has passed! It is hard to concentrate on anything else, but I have also covered whistleblowing reports from ASIC, its action on unlicensed credit activities and Mr. Longo's view...

ASIC’s Product Intervention Power (PIP) under its Design & Distribution (DDO) regime is still a relatively new tool in their regulatory tool kit. It…...

ASIC has commenced civil penalty proceedings in the Federal Court against BPS Financial Pty Ltd (BPS) for allegedly making false, misleading or...

The Federal Court of Australia has affirmed its position that any cartel conduct, as prohibited by the Competition and Consumer Act 2010 (Cth) (CCA)…...

The digital assets world has been rocked by the liquidity run on FTX the week, the world’s second largest exchange, and the near buyout by Binance…...

Australia – November 23 2022 ASIC has commenced civil penalty proceedings in the Federal Court against fintech company Block Earner alleging it provided unlicensed financial…...

A key obligation of an AFSL holder is to maintain the competence to provide the financial services covered by its licence.[1] ASIC refers to this…...

The Victorian Court of Appeal has affirmed that whilst a company’s debts can be released to some extent under a DOCA, that section 444J of the…...

This week is all about the RBA's CBDC announcement, FAR going through Parliament this March, ASIC's action against Terracom and more! ...

Lots happening this week with ASIC's RACQ action, the Senate hearing on crypto and multiple tweaks to ASIC's DDO / PIP power. ...

This week's blog covers massive privacy reforms, ASIC's cool new regulatory timetable, and more uses of the DDO power. ...

A super interesting week covering: future of financial advice reforms; SEC's action against Kraken regarding 'staking'; the Government's vision for crypto protection in Australian moving forward and more! ...

This blog covers: crypto reform in the UK, our crypto token mapping exercise in Australia, FAR fines and ASIC's new restructure. It has been an exciting week! ...

Covers federal judicial commission; AFCA case; legislative design; ACMA powers, and UK crypto licensing matters. Plus my Chat GPT thoughts!...

This update covers: FAR, Crypto risks, deposit rate investigation, cancellations of AFSLs and Sean Hughes' departure from ASIC....

Covering Banking Code, IR Derivatives, FIRB Penalties, Greenwashing and the Financial advisers register....

Finder (ASIC): ASIC has commenced civil penalty proceedings in the Federal Court against Finder Wallet Pty Ltd, for allegedly providing unlicensed financial services, breaching product disclosure requirements and failing to comply with design and di...

American express (ASIC): ASIC has commenced proceedings in the Federal Court against Amex, in ASIC’s first civil penalty case alleging breaches of design and distribution obligations. ASIC alleges that:1) the target market determinations issued by...

Crypto custody (Treasury):Treasury has announced that there will be custody rules introduced for digital assets in 2023. The exclusive in this AFR article (linkhere), provides that Treasury will open consultations to safeguard crypto custody arrangem...