Australia

    ASIC Consults on Preserving Eight Class Orders

    By Editors | 02/10/2015

    The Australian Securities and Investment Commission has released two consultation papers proposing to remake eight class orders that are due to expire over the next three years.

    New Zealand Consults on Disclosure Duties of Charities

    By Editors | 27/09/2015

    New Zealand’s Financial Markets Authority has issued a consultation paper on whether charities issuing debt securities should be subject to standard disclosure obligations.

    New ASIC Funding Proposal May Hurt Stockbrokers

    By Editors | 26/09/2015

    The Stockbrokers Association of Australia has warned that proposals to increase industry funding of the corporate regulator may impose greater costs on brokerage firms, prompting more industry rationalisation and stifling innovation.

    APRA Consults on Points of Presence Statistics

    By Editors | 25/09/2015

    The Australian Prudential Regulation Authority has released a consultation package proposing to either streamline or cease the Points of Presence statistics and data collection.

    Crypto / Digital Assets

    Aussie Banks Force Bitcoin Operators Out of Business

    By Editors | 25/09/2015

    Australia’s major banks are closing accounts of bitcoin companies, citing compliance risks resulting from tougher anti-money laundering and counter-terrorism financing rules.

    Australia Consults on Lower Income Consumer Credit

    By Editors | 25/09/2015

    The Australian government is requesting comment from the public on small amount credit contract laws to ensure that the regulatory framework strikes the right balance between consumers and lenders.

    Bank of Queensland Investigated by ASIC over Compliance Failures

    By Editors | 23/09/2015

    The Australian Securities and Investment Commission has concerns over its risk management and compliance systems.

    ASIC Sees Opportunities with Blockchain Technology

    By Editors | 21/09/2015

    Australian Securities and Investment Commission chairman Greg Medcraft says the emergence of blockchain technology has the potential to change the existing financial system.

    Australia Bank Funding Costs Set to Increase

    By Editors | 19/09/2015

    The Australian Prudential Regulatory Authority has said banks will need to fund themselves with more expensive long-term debt over time to reduce risk to the financial system.

    ASIC Urges Licensed Entities to Resolve Compliance Issues

    By Editors | 16/09/2015

    The Australian Securities and Investment Commission has identified compliance failures by responsible entities and superannuation trustees.

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