About 20 depositaries and 300 individuals will require licensing under RA 13, the new regulated activity for depositories of collective investment schemes.
February 6, 2023Banks must perform CDD on customers transferring virtual assets. Digital ID system iAM Smart can be used for identity verification.
January 19, 2023Trust companies will have to divide their businesses into specific categories and ensure those businesses stay within the boundaries of their classifications.
January 6, 2023Directors, trustees, and officers can also be fined personally and barred for five years for failure to ensure compliance with beneficial ownership disclosure requirements.
December 30, 2022Superannuation trustees are not responding to complaints in a timely manner and are failing to notify consumers of their right to approach AFCA.
December 15, 2022The SFC proposes to expand the list of specified contracts and introduce an excess position limit regime for clearing participants.
November 23, 2022The guidance covers the new SPS 530 requirements on liquidity management, stress testing and valuations, as well as APRA's expectations on ESG risk management.
November 20, 2022The proposed changes will require trustees to adopt a more sophisticated risk-based approach to the management of operational risk financial resources.
November 16, 2022The additional licence conditions require four Insignia trustees to improve their governance and risk management practices, processes and frameworks.
November 4, 2022The FATF is consulting on draft guidance on Recommendation 24 and draft proposals to amend Recommendation 25 and its Interpretive Note until 6 December 2022.
November 3, 2022