WEEKLY BLOG

Mar

19

Australian regulators weekly wrap — Monday, 20 March 2023

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

Read More...

Mar

12

Australian regulators weekly wrap — Monday, 13 March 2023

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...

Read More...

Mar

10

Design, distribution and cryptocurrency investment – a sharp position taken by ASIC

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

Read More...

Mar

10

Misleading & deceptive conduct and cryptocurrencies – ASIC turns up the heat in uncertain territory

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

Read More...

Mar

10

Cartel Update: First criminal cartel jail sentence handed down by Federal Court of Australia

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

Read More...

Mar

10

The crypto winter and custody – practical advice for shoring up custody arrangements

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…...

Read More...

Mar

10

Cryptocurrencies and ‘earning’ products – ASIC makes managed investment scheme claims

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

Read More...

Mar

10

ASIC is coming for your responsible managers

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…...

Read More...

Mar

10

Fire in the house: Interest guaranteed despite extinguishment of debt under deed of company arrangement

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…...

Read More...

Mar

05

Australian regulators weekly wrap — Monday, 6 March 2023

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

Read More...

Feb

25

Australian regulators weekly wrap — Monday, 27 February 2023

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

Read More...

Feb

18

Australian regulators weekly wrap — Monday, 20 February 2023

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

Read More...

Feb

11

Australian regulators weekly wrap — Monday, 13 February 2023

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! ...

Read More...

Feb

04

Australian regulators weekly wrap — Monday, 6 February 2023

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! ...

Read More...

Jan

29

Australian regulators weekly wrap — Monday, 30 January 2023

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

Read More...

Jan

21

Australian regulators weekly wrap — Monday, 23 January 2023

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

Read More...

Jan

14

Australian regulators weekly wrap — Monday, 16 January 2023

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

Read More...

Dec

19

Australian Regulators Weekly Wrap – 19 December 2022

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...

Read More...

Dec

13

Australian Regulators Weekly Wrap – 12 December 2022

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...

Read More...

Nov

19

Australian Regulators Weekly Wrap – 21 November 2022

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...

Read More...

Filter by:

Bank
Crypto
Funds Management
Insurance
International developments
Licensing
Regulation & Compliance
Superannuation
Thought Leadership
Uncategorized
ACCC
AFCA
ALRC
APRA
ASIC
ATO
AUSTRAC
Government
Other
Parliament
Treasury
April
August
December
February
January
July
June
March
May
November
October
September
AI Chatbot Avatar