Australia

Market Infrastructure

CFIUS Confirms ‘Excepted Foreign State’ Status for UK, New Zealand

By Editors | 13/02/2023

UK and New Zealand investors do not have to undergo national security reviews for noncontrolling investments in the US.

Capital / Liquidity

RBNZ Liquidity Policy Review Advances to Second Stage

By Sanday Chongo Kabange | 12/02/2023

The RBNZ is seeking feedback on whether the LCR and NSFR standards should be adopted in New Zealand.

Fintech / Regtech

Australia to Review Modernising Business Registers Programme

By Editors | 11/02/2023

The programme involves consolidating dozens of registers into a single platform run by a one-stop shop service.

Australia to Consult on Changes to Financial Advice Framework

By Sanday Chongo Kabange | 10/02/2023

The newly released quality of advice review report offers 22 recommendations for regulatory changes to make financial advice more affordable and accessible.

Enforcement

ASIC to Restructure to Enable Faster Enforcement Decisions

By Editors | 09/02/2023

ASIC will streamline its business groups and reduce the number of divisions to make its enforcement approach more strategic and free up funding for technology investments.

Fintech / Regtech

Industry Bodies Call on ACCC to Intervene Against ING

By Sanday Chongo Kabange | 08/02/2023

FinTech Australia and FDATA say ING’s planned platform upgrade will invalidate thousands of CDR consents and force consumers to redo the process.

Enforcement

ASIC Disciplinary Panel Fines Stockbroker Over Trade Pricing

By Editors | 07/02/2023

Wilsons Advisory and Stockbroking reported over 2,000 trades as TWPI transactions in circumstances where the trades did not provide price improvement.

Crypto / Digital Assets

Crypto Down Under: Unpacking Australia’s Token Mapping Consultation

By Angela Ang | 07/02/2023

Angela Ang and TRM’s policy team unpack the key themes discussed in the token mapping consultation paper and what it means for the industry.

NZ FMA Offers Guidance on Providing Investment Advice

By Editors | 07/02/2023

The guidance focuses on situations where it is difficult or impractical to access information to support reasonable grounds for financial advice on an investment product.