Regulator proposes six-month licensing exemption, modified organisational competence requirements.
Securities regulator accuses NAB of ‘unconscionable conduct and market manipulation’.
Managed trusts can change constitutions without holding members’ meetings.
Surcharges exceeding merchant costs to be barred on some payment systems.
Australian unit fined USD50,000 for failure to have automated trading filters in place to prevent interference with market integrity.
Sydney exchange’s system to be initially deployed across private markets platform.
Bank required to remediate clients who may have received ‘deficient advice’.
Government recommends adoption of OECD mandatory disclosure rules on base erosion, profit shifting.
Measures designed to boost innovation could have knock-on impact on capital markets.
Australian securities regulator also welcomes shift to industry funding model.