Australia

FMA Consults on New Reporting Rules Under CoFI Regime

By Sanday Chongo Kabange | 17/09/2024

The regulatory returns ask firms to provide details on their business structure and the fair conduct programmes they must maintain under CoFI.

Fintech / Regtech

New Zealand FMA Joins Global Financial Innovation Network

By Editors | 17/09/2024

The FMA said GFIN will provide it greater opportunities to collaborate with other regulators and work on topics such as AI and tokenisation.

Sanctions

Australia Sanctions Five Iranians Over “Violent Repression” of Protests

By Editors | 16/09/2024

The sanctions mark the second anniversary of the death of Mahsa Jina Amini, who was arrested for “improperly” wearing her hijab and died in custody.

AML / KYC

Australia Proposes Bill to Establish Scams Prevention Framework

By Sanday Chongo Kabange | 16/09/2024

The framework creates obligations for banks, telcos and tech giants to prevent, detect, report, disrupt, and respond to scams.

ESG / Sustainability

New Zealand FMA Calls For Better Ethical Investing Disclosures

By Thisanka Siripala | 13/09/2024

The FMA says it may pursue regulatory action for misleading or deceptive conduct, advertising or disclosures regarding ethical investments.

Market Infrastructure

Australia Introduces First Tranche of Privacy Reforms to Parliament

By Manesh Samtani | 12/09/2024

The proposed reforms will strengthen the OAIC’s enforcement toolkit and provide the Courts new functions and capabilities to address privacy breaches.

Enforcement

ASIC Report Highlights Hardship Misconduct as Key Focus

By Thisanka Siripala | 12/09/2024

ASIC said it is actively conducting investigations into suspected breaches by lenders of their financial hardship obligations.

ESG / Sustainability

Australian Parliament Passes Climate Disclosures Legislation

By Manesh Samtani | 11/09/2024

Climate-related disclosures will be mandatory for all public companies and large proprietary companies starting in January 2025.

ASIC Directs Product Issuers to Improve DDO Compliance

By Sanday Chongo Kabange | 11/09/2024

ASIC’s Alan Kirkland called on issuers to ensure that their product design and distribution practices are “up to scratch”.