Tag: Australia

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AUSTRALIA: DDO IMPLEMENTATION AND ENFORCEMENT
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AUSTRALIA: SUPERANNUATION FUND INVESTMENTS – ESG AND VALUATIONS
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AUSTRALIA: CRYPTO DOWNTURN AND ITS REGULATION
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Australia: BNPL: Credit or not?
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Australia: ASIC Provides Practical Guidance as Long Awaited CCIV Arrives

AUSTRALIA: DDO IMPLEMENTATION AND ENFORCEMENT

By Daniel Knight and Simon Kiburg

ASIC have announced the first enforcement action it has taken in relation to the Design and Distribution Obligations (DDO), which were introduced late last year. The enforcement action shows that, as described by ASIC deputy chair Karen Chester, “ASIC’s focus has now shifted to compliance. Industry has had sufficient time to bed down its implementation of the DDO regime.

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AUSTRALIA: SUPERANNUATION FUND INVESTMENTS – ESG AND VALUATIONS

By Jim Bulling and Hugo Chow

The Australian Prudential Regulation Authority (APRA) has released its final revisions to Prudential Standard SPS 530 Investment Governance (SPS 530).

The more significant amendments are in relation to valuation governance, proposed guidance for environmental, social and governance (ESG) risk management and some new issues for stress testing programs.

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AUSTRALIA: CRYPTO DOWNTURN AND ITS REGULATION

By Daniel Knight and Kithmin Ranamukhaarachchi

In the wake of the drawn out cryptocurrency market downturn, increased regulation of the sector seems inevitable. With nearly one million Australians transacting in cryptocurrencies last year, there have been widespread calls to enact additional protections for retail investors.

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Australia: ASIC Provides Practical Guidance as Long Awaited CCIV Arrives

By Kane Barnett and Bernard Sia

ASIC has published Information Sheet 272 (INFO 272) and Report 728 (REP 728) on the eve of the corporate collective investment vehicle’s (CCIV) commencement.

With the commencement date for CCIVs being 1 July 2022, today ASIC released 7 regulatory guides relating to the registration and licensing requirements for CCIVs. We outline the key features of CCIVs in our previous update. INFO 272 provides much needed clarity on how both the CCIV itself and its initial sub-funds are to be registered.

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