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ESG / Sustainability
Australia to Start Work on Sustainable Finance Taxonomy in July
By Editors | 30/05/2022
The Australian Sustainable Finance Institute is seeking proposals from consultants who can work with it on the first phase of its taxonomy project.
NZ FMA Issues Record-keeping Guidance for Advice Firms
By Editors | 29/05/2022
The FMA says a robust record keeping practice will enhance confidence in a financial advice provider’s compliance framework.
Securities / Derivatives
ASIC Proposes to Extend Retail Ban on Binary Options
By Editors | 29/05/2022
ASIC’s product intervention order is due to expire on 7 October 2022. ASIC proposes to extend it until 1 October 2031.
Crypto / Digital Assets
New Zealand Probes Fake Crypto Firm Over Missing Funds
By Sanday Chongo Kabange | 26/05/2022
A company called Quwiex Limited disappeared with investor funds after saying its website was deactivated for an upgrade.
AML / KYC
Australia: FSC Calls for Measures to Stop Online Scam Ads
By Editors | 22/05/2022
The Financial Services Council is calling for the introduction of a mandatory code of conduct for digital platforms like Facebook and Google to prevent financial scams.
AML / KYC
ASIC Cautions Against Purchasing ‘Fake Green Bonds’
By Editors | 21/05/2022
ASIC says retail investors who are approached to invest in green bonds should ask their banks for help to check the legitimacy of the offer.
Securities / Derivatives
New Zealand Fund Manager Fees Overshadow Performance: FMA
By Editors | 20/05/2022
Fund managers are showing repeatable performance but the “benefits of their skill” are being overshadowed by fees and commissions paid to third parties.
Enforcement
RBNZ Finalises Guidelines on Enforcement Principles and Criteria
By Editors | 19/05/2022
The enforcement principles guide RBNZ’s investigation and enforcement strategy. The enforcement criteria help determine the appropriate enforcement response to non-compliance.
Enforcement
ASIC Sets Out Expectations on Cyber Risk Management
By Mark Johnston | 19/05/2022
The guidance follows Australia’s first Federal Court judgment ruling that an AFS licensee breached its obligations on managing cyber risk.
Australia Considers Use of Super Savings to Buy Property
By Editors | 18/05/2022
The incumbent government’s Super Home Buyer Scheme, seen as a play for voters, is being cricitised by the superannuation industry.
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