Australia

Securities / Derivatives

ASIC Announces Updated Financial Reporting Rules for AFS Licensees

By Editors | 07/06/2022

AFS licensees’ financial reports must contain disclosures consistent with the financial reports of other for-profit entities, prepared under AASB standards.

Market Infrastructure

ASX Finalises Changes to Issuer Services Fee Model

By Editors | 06/06/2022

The changes will take effect from 1 July and result in a “substantially simpler, clearer and more predictable” fee model, ASX says.

RBNZ Proposes Changes to its Monetary Policy Remit

By Editors | 05/06/2022

The RBNZ suggests housing market objectives be excluded from the remit, just a year after it was amended to include house price considerations.

Capital / Liquidity

RBNZ to End Bank Dividend Restrictions on 1 July

By Sanday Chongo Kabange | 02/06/2022

The RBNZ expects banks to continue to be prudent in determining the appropriate size of dividends paid to their shareholders.

Fintech / Regtech

ASIC Releases Updated ePayments Code

By Manesh Samtani | 02/06/2022

The revised Code extends the protections to cover NPP payments and toughens banks’ obligations to help customers recover funds sent to the wrong account.

ESG / Sustainability

NZ XRB Publishes Directors’ Guidance on Climate Disclosures

By Editors | 02/06/2022

The guide outlines key considerations and best practice areas for directors to consider as they prepare for New Zealand’s climate-related disclosures framework.

Enforcement

AFCA to Start Using New Funding Model from 1 July

By Editors | 01/06/2022

The new user-pay model will reward good performance and early resolution while apportioning fees fairly based on the actual use of AFCA’s services.

ESG / Sustainability

Australasia Investor Group Partners with TNFD on Nature-related Risk

By Editors | 31/05/2022

The partnership will help drive the consideration, input and uptake of the TNFD framework in the Australian and New Zealand markets.

AML / KYC

FATF Re-rates New Zealand for Progress on UBO Transparency

By Editors | 31/05/2022

The FATF says New Zealand was re-rated on Recommendation 25 due to new requirements for trusts coming into force.