Laying down the law: some of the things on our minds

Archive for the "Financial Services" Category

  • 1 Mar2017

    Proposed new statutory accountability for ‘issuers’ and ‘distributors’ of financial products

    Written by: Michael Bracken, Principal In its recent Proposals Paper issued in December 2016, the Commonwealth Government is seeking consultation on proposals to implement a number of financial product recommendations arising from the Financial Services Inquiry (FSI), which involve the potential introduction of new consumer...
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  • 1 Mar2017

    Proposed new product intervention power for ASIC

    Written by: Michael Bracken, Principal In its recent Proposals Paper issued in December 2016, the Commonwealth Government is seeking consultation on proposals to introduce a new product intervention power for ASIC, alongside proposed regulatory reforms relating to new design and distribution obligations applying to financial...
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  • 1 Mar2017

    AFS licensing relief for foreign financial services providers

    Written by: Michael Bracken, Principal Overseas counterparties to derivatives and foreign exchange transactions:  In September 2003, ASIC introduced Class Order 03/824 which sought to address regulatory concerns that: overseas counterparties to derivatives and foreign exchange transactions may be caught by those counterparties engaging in “inducing...
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