AUSTRALIA

ASIC Imposes New Conditions for CBA Licensees

By Editors | 10/08/2014

The financial planning arms of the Commonwealth Bank of Australia will be subject to new financial services license conditions, the Australian Securities and Investments Commission said.

New Zealand Regulator Issues First Equity Crowd Funding Licences

By Editors | 06/08/2014

The Financial Markets Authority has issued its first equity crowd funding licences under the Financial Markets Conduct Act 2013. PledgeMe and Snowball Effect are New Zealand’s first licensed providers of this new financial service.

Australian Regulator to Review Broker Dark Pools

By Editors | 30/07/2014

The Australian Securities and Investments Commission will conduct reviews of broker dark pools over the next 12 months, as regulators globally investigate alleged abuses in the operation of alternative trading venues.

ASX Seeks Improvements in Operation, Says ASIC

By Editors | 30/07/2014

The Australian Securities Exchange Ltd will explore enhanced procedures around the operation of its futures market and consider listing applications from emerging market issuers as part of improvements the bourse intends to work on together with the country’s securities regulator.

ASX Lowers Fees for Interest Rate Futures, OTC Clearing

By Editors | 25/07/2014

The Australian Securities Exchange Ltd said it will cut fees on interest rate futures and over-the-counter (OTC) clearing businesses for the first time in more than 10 years to increase trading volumes and boost its competitiveness.

Australian Regulator Censures RBS over Interest Rate Manipulation

By Editors | 22/07/2014

Australia’s securities regulator has censured the Royal Bank of Scotland for its role in manipulating Australia’s bank bill swap rate.

Australian Banks Face Pressure Over Real Estate Loans to Foreigners

By Editors | 22/07/2014

Australian banks are coming under scrutiny as politicians investigate their role in helping fund foreign investment in real estate.

Securities / Derivatives

Australian Government Plans Mandatory Central Clearing of AUD Interest Rate Derivatives

By Editors | 10/07/2014

The Australian government is proposing mandatory central clearing of Australian-denominated interest rate derivatives (IRD).

Securities / Derivatives

Australian Regulator Reports on Fee Disclosure Norms for Super and Managed Investments

By Editors | 08/07/2014

Australian Securities and Investments Commission has released a report on its review of the fee and cost disclosure practices in the superannuation and managed investment industry.