Australia

Structural Regulation

ASIC Proposes to Remake Derivative Trade Repository Rules

By Editors | 22/06/2023

ASIC proposes to remake the 2013 rules in substantially the same form with two minor updates ahead of sunset.

Cryptocurrency

Cuscal Introduces New Requirements for Crypto Firms in Australia

By Ranamita Chakraborty | 22/06/2023

Digital currency exchanges have to meet additional requirements to continue using services on Cuscal’s platform.

Conduct, Culture & Accountability

Australia MFAA Supports AFCA Proposal to Enhance Complaints Resolution

By Editors | 21/06/2023

MFAA said AFCA’s proposal will enhance the efficiency of its complaint processes and will make the scheme fairer for all participants.

Reporting & Disclosures

New Zealand FSC Publishes New Guidance on Climate Disclosures

By Sanday Chongo Kabange | 21/06/2023

The new FSC guidance is designed to help fund managers and insurers to better understand and assess climate-related risks and prepare for mandatory climate reporting.

Payments & Settlements

RBNZ Considers Expanding Access to Settlement Accounts

By Sanday Chongo Kabange | 19/06/2023

The RBNZ is seeking feedback on a framework to assess the risks of opening up access to the Exchange Settlement Account System.

Supervision & Enforcement

APRA Fines OnePath Custodians for Breaching Superannuation Law

By Sanday Chongo Kabange | 19/06/2023

OnePath Custodians failed to direct 125 default member contributions to a MySuper product as required by the law.

Payments & Settlements

Australia Calls for Improved Transparency on Remittance Costs

By Mark Johnston | 18/06/2023

A coalition of companies has called on the government to require banks to disclose all the costs of international money transfers upfront.

Capital Adequacy

FRAA Proposes Draft Metrics Framework for Assessing APRA, ASIC

By Editors | 18/06/2023

The framework will enhance the Financial Regulator Assessment Authority’s assessment toolkit and provide direct insights on APRA and ASIC’s activities.

Data Privacy

New Zealand Updates Expectations on Use of Generative AI

By Editors | 18/06/2023

New Zealand Privacy Commissioner Michael Webster said AI users and developers need to make sure they are compliant with privacy law.