ADVERTISEMENT
Market Infrastructure
Australia Details Issues Under Scrutiny in Central Bank Review
By Editors | 15/09/2022
The review will consider the RBA’s current board structure, governance, and decision-making effectiveness and transparency.
Enforcement
ASIC Places Interim Stop Orders on Two Property Funds
By Editors | 15/09/2022
The orders prevent the funds from being offered or distributed to consumers until deficiencies in their TMD statements are addressed to ASIC’s satisfaction.
Market Infrastructure
Australia Reintroduces Legislation for Financial Accountability Regime
By Editors | 13/09/2022
If the legislation passes, the FAR will apply to banks six months after commencement, and to insurance and superannuation 18 months after commencement.
Enforcement
Australia Tables Bill to Establish Compensation Scheme of Last Resort
By Manesh Samtani | 13/09/2022
Some in the industry have expressed concerns that the CSLR does not go far enough, as its scope does not cover managed investment schemes.
Crypto / Digital Assets
Australian Federal Police Forms Cryptocurrency Unit
By Editors | 13/09/2022
The new unit will target assets and provide investigative tracing capabilities for all of the AFP’s commands across all of its businesses.
ESG / Sustainability
Glencore Facing Greenwashing Allegations in Australia
By Editors | 13/09/2022
A complaint from environmental lawyers calls on the ACCC and ASIC to investigate statements made by Glencore about its plans to reach net zero by 2050.
Market Infrastructure
APRA Details Plans to Modernise Prudential Architecture
By Editors | 13/09/2022
APRA will modernise its guidance for banks, insurers and superannuation funds to make it easier to understand and comply with.
AML / KYC
AUSTRAC Launches AML Probe into Entain Group
By Editors | 13/09/2022
London-listed betting company Entain Group was also fined last month by the UK Gambling Commission for AML and social responsibility failures.
New Bank Disclosure Requirements Deferred Three Months: RBNZ
By Editors | 12/09/2022
The changes to bank assurance reports will come into force for reporting dates starting from 31 December 2022, three months later than planned.
Securities / Derivatives
ASIC Highlights Industry Action to Correct Misleading Fund Marketing
By Sanday Chongo Kabange | 12/09/2022
Responsible entities and trustees voluntarily took action once ASIC expressed concerns over their funds’ marketing materials.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team