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Crypto / Digital Assets
Australia Solicits Comments on Regulatory Framework for ICOs
By Editors | 06/02/2019
A bespoke framework for ICOs can provide regulatory clarity and encourage economic activity, but the costs and benefits must be weighed, says a paper from Australia’s Treasury.
Enforcement
Royal Commission Final Report Packs a Powerful Punch
By Matthew Chan | 04/02/2019
The Final Report on Australia’s Royal Commission packs a swift and powerful punch which may well be felt for some time, says public policy specialist Matthew Chan.
Fintech / Regtech
Global Innovation Sandbox Opens for Cross Border Testing
By Editors | 04/02/2019
The GFIN’s 29 members include the HKMA, SFC, MAS and ASIC. Applications are now open for firms looking to test innovative cross border financial services.
Market Infrastructure
Asia Region Funds Passport Goes Live
By Editors | 03/02/2019
Japan, Thailand, Australia ready to receive applications from prospective ARFP funds; New Zealand, S. Korea making progress on legal and regulatory requirements.
Enforcement
Australian Regulators Under Scrutiny for Accepting Industry Gifts
By Garima Chitkara | 23/01/2019
ASIC was reportedly found to have accepted expensive gifts and hospitality from financial firms including Macquarie Bank even as it was under multiple investigations by the corporate regulator.
Enforcement
ASIC Officials Fear Excessive Focus on Litigation – Report
By Editors | 21/01/2019
While ASIC officials talk up plans to fund more court cases, behind the scenes they are reportedly concerned about the community backlash and loss of confidence if cases are lost.
Market Infrastructure
Productivity Commission Identifies Structural Flaws in Super Sector
By Editors | 11/01/2019
Superannuation members could benefit by an estimated A$3.8bn if two main structural problems were fixed, says the Productivity Commission in a new report.
Securities / Derivatives
What ASIC’s New Product Intervention Powers Will Mean
By Melody Gao | 11/01/2019
Melody Gao at Sydney-based financial services consultancy firm Sophie Grace explains the implications of a bill to impose new design and distribution obligations on issuers and grant ASIC product intervention powers.
ASIC Consults on Fee, Cost Disclosures at Super, Managed Funds
By Editors | 10/01/2019
ASIC proposes new disclosure norms for superannuation and managed investment funds to boost transparency and comparability between funds.
Securities / Derivatives
Licensees Should Avoid Employee Allocations in Equity Raising – ASIC
By Editors | 21/12/2018
Following a review of allocations practices in equity raising transactions, ASIC said allocations to employees should be avoided as they can present conflicts of interest.
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