Australia

Enforcement

Australian Court Orders Vanguard to Pay Record Greenwashing Fine

By Sanday Chongo Kabange | 25/09/2024

The court ordered Vanguard to pay A$12.9mn for making false or misleading representations about its ESG exclusionary screens.

ESG / Sustainability

RIAA Launches Investor Toolkit on Nature-related Risks

By ESG Investor | 25/09/2024

The Nature Investor Toolkit, supported by ISS ESG and Pollination, aimes to help investors identify and assess nature-related risks and opportunities.

Fintech / Regtech

NZ Banking Ombudsman Reports Spike in Scam Complaints

By Thisanka Siripala | 24/09/2024

The Ombudsman has called for mandatory codes of practice, a national anti-scam centre, and stronger compensation measures to protect consumers from evolving fraud tactics.

Sanctions

New Zealand Sanctions New Russian and Belarusian Targets

By Editors | 24/09/2024

The sanctions target the Russian SOE operating Ukraine’s Zaporizhzhya nuclear plant and its director general, among others.

Market Infrastructure

ASIC Reviewing Approach to Regulating Market Infrastructure

By Thisanka Siripala | 24/09/2024

ASIC will work with the RBA and industry to develop guidance on the use of its new powers to regulate financial market infrastructure.

ESG / Sustainability

New Zealand FMA Calls for Better Ethical Investment Disclosures

By Thisanka Siripala | 23/09/2024

The FMA will take regulatory action if fund managers make misleading claims about the ethical or environmental impacts of investment products.

ESG / Sustainability

ASIC Urges Businesses to Prepare for Climate Disclosure Regime

By Thisanka Siripala | 23/09/2024

ASIC will take a “proportional and pragmatic approach to supervision and enforcement” as the industry adjusts to the new requirements.

Market Infrastructure

ASIC Issues Guidance on Identifying Critical Business Services

By Thisanka Siripala | 21/09/2024

ASIC found deficiencies in how market participants are identifying critical business services and notifying the regulator of potentially disruptive events.

ASIC Issues Revised Guidelines for Foreign Firms in Australia

By Thisanka Siripala | 20/09/2024

The revised regulatory guide explains when a foreign entity must obtain an AFS licence, and what the licence obligations entail.