ADVERTISEMENT
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.
Securities / Derivatives
NZ FMA Concerned Over Retail Involvement in Stock Lending
By Editors | 09/09/2022
The FMA says investors should make sure the risks and returns are properly explained before they allow their shares to be lent out.
Australia to Reverse Regulations for Litigation Funders
By Editors | 09/09/2022
Litigation funding schemes will regain exemptions from requirements to hold an AFS licence and be subject to the same regulations as managed investment schemes.
Crypto / Digital Assets
Australia Clarifies Crypto is Not Taxed as Foreign Currency
By Editors | 08/09/2022
The proposed legislation removes uncertainty regarding whether Bitcoin may be treated as a ‘foreign currency’ for income tax purposes.
Enforcement
Australia: ABN AMRO Penalised Over Block Trading Rule Breach
By Editors | 08/09/2022
ABN AMRO Clearing Sydney registered ASX SPI 200 Futures block trades that included split allocations below the Minimum Value Threshold.
Australian Treasury Commences Review of Superannuation Reforms
By Editors | 08/09/2022
Australia’s Treasury said it is looking to identify unintended consequences and implementation issues arising from the YFYS laws passed in 2021.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.