Australia & NZ

London-listed betting company Entain Group was also fined last month by the UK Gambling Commission for AML and social responsibility failures.

The changes to bank assurance reports will come into force for reporting dates starting from 31 December 2022, three months later than planned.

Responsible entities and trustees voluntarily took action once ASIC expressed concerns over their funds' marketing materials.

The FMA says investors should make sure the risks and returns are properly explained before they allow their shares to be lent out.

Litigation funding schemes will regain exemptions from requirements to hold an AFS licence and be subject to the same regulations as managed investment schemes.

The proposed legislation removes uncertainty regarding whether Bitcoin may be treated as a ‘foreign currency’ for income tax purposes.

ABN AMRO Clearing Sydney registered ASX SPI 200 Futures block trades that included split allocations below the Minimum Value Threshold.

Australia's Treasury said it is looking to identify unintended consequences and implementation issues arising from the YFYS laws passed in 2021.

The prudential practice guides on financial contingency and resolution planning will be finalised in H1 2023 following a three month consultation.

The merger would create a single association that would speak for the financial advice profession in a "unified voice" and add clarity and power to the positions it takes.