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21-162MR Debt management licensing regime has commenced

From 1 July 2021, providers of debt management services (including firms offering ‘debt negotiation’ or ‘credit repair’ services) are regulated under the National Consumer Credit

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July 6, 2021

21-160MR Westpac to remediate customers for failure to pass on important corporate action information

Westpac has committed to remediating customers whose financial advisers may have failed to notify them of corporate actions between 2005 and 2019. Westpac estimates approximately

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July 2, 2021

21-155MR ASIC consults on amendments to Market Integrity Rules

ASIC has today released Consultation Paper 342 Proposed amendments to the ASIC market integrity rules and other ASIC-made rules (CP 342). The proposed amendments are

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June 30, 2021

21-151MR Full Federal Court upholds first ASIC product intervention order

The Full Federal Court today dismissed an application by Cigno Pty Ltd (Cigno) which sought to quash ASIC’s first product intervention order in relation to

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June 29, 2021

21-142MR ASIC removes the local authorised participant requirement in ETF class order

ASIC has updated its class order on exchange traded funds (ETF) to allow ETF issuers to use overseas market makers. ASIC has made ASIC Corporations

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June 22, 2021

21-136MR AAT dismisses application for review of ASIC banning order

The Administrative Appeals Tribunal (AAT) has dismissed an application for review of ASIC’s decision to permanently ban former financial advisor, Mr Robert Hutchison, from providing

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June 16, 2021

21-132MR Director charged with breaches of directors’ duties

Peter Ross Dunkley of Clovelly, NSW, has been charged with three counts of breaching his directors’ duties. Mr Dunkley was the sole director of APD

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June 11, 2021

21-122MR Regulators expect Australian institutions to cease the use of LIBOR in new contracts before the end of 2021

Regulators in Australia are reiterating the importance of ensuring a timely transition away from the London Interbank Offered Rate (LIBOR). This requires ceasing the use

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June 4, 2021

21-118MR ASIC issues information sheet on activist short selling in Australia

ASIC has today published Information Sheet 255 Activist short selling campaigns in Australia , considering the practice of ‘activist short selling’ in Australia and outlining

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June 1, 2021

21-112MR ASIC cancels financial services and credit licences of Direct My Wealth Pty Ltd

ASIC has cancelled the Australian Financial Services licence (AFSL) and Australian Credit licence (ACL) of Victorian-based financial services provider and mortgage broker Direct My Wealth

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May 24, 2021
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