Australia & NZ

Financial groups should promote a strong risk culture, put in place appropriate supervision and surveillance, and ensure fairness and transparency in trade execution.

NZX-owned Smartshares Limited has become the first fund manager to be approved under the Asia Region Funds Passport scheme.

Five regtechs are tasked with conducting a feasibility study to help ASIC analyse corporate disclosures and assess compliance by listed companies.

APRA is revising the reporting frequency for the new operational risk standard from quarterly to annually.

ASIC proposes to revise the ETP naming conventions by dividing them into two levels of labelling: primary labels and secondary labels.

Changes from the consultation relate to the treatment of critical service providers and introduce discretion regarding the publication of material breaches.

AUSTRAC has advised Star that it has not yet made a decision regarding its regulatory response, including whether or not enforcement action will be taken.

The government has asked the Council of Financial Regulators to bring forward an investigation into whether lenders are implementing the new lending rules as intended.

The RBNZ proposes changes to make assurance reports on bank disclosure statements easier to navigate, more readable, and easier to prepare.

An October 2020 proposal to introduce 'Adjusted Liquid Capital' as a single capital measure will be implemented no earlier than February 2023, with some adjustments.