One option is to group financial activities into a dedicated subgroup under an FHC structure. A second is to create a new regulatory category for big tech financial groups.
October 4, 2022Two consultations have been issued, including an exposure draft on regulations defining prohibited volume-based sales incentives.
October 1, 2022The 16 firms agreed to pay a combined $1.82bn for failing to preserve staff communications on personal mobile devices, messaging apps and emails.
September 29, 2022The Federal Court said the conduct reflected “very poorly on the organisation culture” of AMP, fining its subsidiaries a total A$14.6mn.
September 26, 2022ASIC put a "legally incorrect case" and the primary judge made orders "based on a legally correct case not put", the court said.
September 22, 2022A key element underpinning the new FPA Code is that members' actions should promote a culture that "supports and requires integrity in others”.
September 17, 2022The merger would create a single association that would speak for the financial advice profession in a "unified voice" and add clarity and power to the positions it takes.
September 6, 2022The FMA will prioritise work on three new legislative regimes: financial advice licensing, climate-related disclosures, and conduct licensing.
August 30, 2022Treasury proposes to remove tertiary education requirements for experienced financial advisers, and simpler requirements for new entrants to the industry.
August 30, 2022The exercise is reportedly aimed at gathering information from crypto-related firms in Singapore ahead of planned regulatory changes for the sector.
August 29, 2022