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Australia
APRA Consults on Next Phase of Super Fund Reporting Requirements
By Editors | 30/11/2023
The new collections will include data on trustee boards, product distribution arrangements, investment governance, investment manager costs, and financial statements.
AML / KYC
Australian Government Consults on Scams Code Framework
By Manesh Samtani | 30/11/2023
The framework sets out the responsibilities of banks, telcos and digital platforms to prevent, detect, disrupt, and respond to scams.
Fintech / Regtech
APRA Calls on Firms to Improve Data Risk Management Practices
By Sanday Chongo Kabange | 29/11/2023
APRA outlined multiple areas where improvements can be made to improve the data management practices of banks, insurers, and superannuation trustees.
ASIC Issues New Guidance on Financial Adviser Registration
By Sanday Chongo Kabange | 29/11/2023
ASIC’s new guidance is to help financial advisers who service retail clients to register before the 1 February 2024 final deadline.
Securities / Derivatives
ASX Commits to Enhancing CHESS Project Delivery Capabilities
By Editors | 29/11/2023
ASX has committed to implementing all of the recommendations from an independent review of its Portfolio, Program, and Project Management frameworks.
AML / KYC
13 FIUs Establish Task Force to Disrupt Terrorist Financing
By Editors | 28/11/2023
The FIUs including FinCEN, UKFIU, AUSTRAC, and NZFIU established the task force last month but is publicly recognising its formation now.
Securities / Derivatives
ASX Announces Decision to Wind Down mFund Platform
By Editors | 28/11/2023
ASX said it received feedback that self-directed and advised investors were unlikely to adopt mFund to the same extent that they adopt exchange traded products.
Market Infrastructure
Australia to Introduce RBA Reform Bill to Parliament
By Sanday Chongo Kabange | 27/11/2023
The bill will “reinforce the RBA’s independence, clarify its role and modernise its structure”, Treasurer Jim Chalmers said.
Fintech / Regtech
RBA to Lower Regulatory Burden for Small Securities Settlement Facilities
By Mark Johnston | 26/11/2023
The proposal aims to accommodate the “probable emergence of new, technologically innovative securities settlement facilities”.
AML / KYC
Australia Unveils First Quarterly Report from New Anti-Scam Centre
By Editors | 26/11/2023
The quarter ended with reported scam losses of A$29.8mn in September 2023, the lowest reported in a single month since October 2021.
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