The amendments take effect in stages from 4 April 2024, with transitional arrangements for firms currently conducting activities under the expanded scope of the Payment Services Act.
April 3, 2024The bill will enable asset managers to outsource middle and back office operations and facilitate the development of a market for unlisted securities.
March 20, 2024The former IA executive director threatened Prudential with the use of supervisory powers if it did not hire her daughter-in-law and give her a bigger salary package.
March 13, 2024New Starling Insights report argues says regulators suffer from the same cultural and behavioral ills that trouble the firms they oversee.
February 20, 2024Deputy Chair Sarah Court said ASIC will not hesitate to step in to protect vulnerable Australians from unethical lending practices.
February 11, 2024Crypto firms would have to submit "change reports" to KoFIU and secure its approval to replace or appoint a new representative or executive officer.
February 7, 2024NZ will restructure its twin peaks regulatory framework, simplify licensing requirements, and reform the Companies Act, CoFI, and CCCFA.
February 1, 2024The insurers coordinated with each other when negotiating contracts with corporate customers on insurance premiums, affecting more than 570 policyholders.
December 27, 2023OnePath Custodians made false or misleading representations and deducted fees from members for advice services they did not receive.
December 3, 2023The revised rules impose expectations on fund management firms and their senior managers to focus more on risk management and ethical business conduct.
November 29, 2023