Australia

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    Securities / Derivatives

    NZX Confirms Effective Date of Listing Rule Changes

    By Editors | 12/12/2023

    NZX will permit accelerated non-renounceable entitlement offers, known as ANREOs, if doing so is in the best interests of the issuer, and subject to additional safeguards.

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    Australia to Simplify, Enhance Financial Advice Rules

    By Mark Johnston | 11/12/2023

    The reforms aim to make financial advice more accessible, affordable and safe for consumers.

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    Fintech / Regtech

    Australia Proposes Licensing Framework for Payment Services

    By Manesh Samtani | 09/12/2023

    Payment service providers would need to be licensed by ASIC, and in some cases, APRA. The ePayments Code will also be updated and made mandatory.

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    Enforcement

    APRA Identifies Defective Cyber Controls at NGS Super

    By Sanday Chongo Kabange | 08/12/2023

    APRA said multiple reviews identified deficiencies in NGS’ compliance with its standards on information security.

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    Fintech / Regtech

    Australia Passes Identity Verification Bill to Boost Privacy and Security

    By Mark Johnston | 08/12/2023

    The new legislation will require identity verification services to adhere to privacy and security standards and report breaches to the OAIC.

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    Fintech / Regtech

    Australian Treasury Releases New Enterprise Data Strategy

    By Mark Johnston | 07/12/2023

    The strategy outlines four key themes and actions to leverage data for timely, informed and influential policy advice.

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    Enforcement

    ASIC Fines Instinet Over ‘Set and Forget’ Compliance Culture

    By Sanday Chongo Kabange | 07/12/2023

    ASIC said Nomura subsidiary Instinet failed to provide clients with all necessary information about the operation of its crossing system.

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    Enforcement

    ASIC Warns Online Trading Providers Over Risky Offers

    By Sanday Chongo Kabange | 06/12/2023

    ASIC found that some online trading providers unfairly influenced consumer decisions and made misleading disclosures during the Covid-19 pandemic.

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    Capital / Liquidity

    New Zealand Will Not Adopt LCR, NSFR, Says RBNZ

    By Manesh Samtani | 06/12/2023

    The RBNZ will release a third consultation on its liquidity policy in Q2 2024 proposing simplified liquidity requirements for smaller deposit takers.

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    Australia Consults on Improving Super Fund Retirement Outcomes

    By Editors | 06/12/2023

    Discussion paper examines how super funds can better support members and deliver better retirement income products and services.

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