Insights
Regulatory Highlights: August 2026
4 September, 2026
Welcome to our Regulatory Highlights for August 2026. ASIC Highlights ASIC seeks orders against various persons related to Royce Capital for alleged misconduct ASIC has sought orders from the Federal Court to restrain Royce Capital Investments Pty Ltd (Royce Capital), Royce (Aust) Real Estate Pty Ltd (RARE), Louie Kortesis and Paul Chiodo (collectively, …
Regulatory Highlights: July 2026
19 August, 2026
Welcome to our Regulatory Highlights for July 2026. ASIC Highlights ASIC issues DDO stop orders against various funds ASIC has issued interim DDO stop orders against Wealthon Vault Development Fund and the People’s Equity Fund operated by Stratfund Limited (Stratfund) due to concerns that the Target Market Determinations (TMDs) inappropriately indicated that …
Regulatory Highlights: June 2026
10 July, 2026
Welcome to our Regulatory Highlights for June 2026. ASIC Highlights Directors fined for failing to have director identification numbers Two NSW-based directors were convicted and fined $10,000 each for failing to have their director IDs. From 5 April 2022, new directors must obtain their director IDs before being appointed. A failure to …
Regulatory Highlights: September 2023
3 November, 2023
Welcome to our Regulatory Highlights for September 2023. Financial Services Highlights ASIC issues interim stop order on Storehouse Residential Trust (SRT) due to TMD deficiencies ASIC has issued an interim stop order on SRT, a registered managed investment scheme promoted by K2 Asset Management Ltd (K2), due to TMD deficiencies, preventing K2 from giving …
Regulatory Highlights: August 2023
3 November, 2023
Welcome to our Regulatory Highlights for August 2023. Financial Services Highlights ASIC v eToro: DDO ASIC initiated proceedings in the Federal Court against eToro Aus Capital Limited AFSL 491139 (eToro), alleging the following: eToro has breached design and distribution obligations (DDO), by Setting its target market way too broad in light of the high-risk …
Regulatory Highlights: July 2023
30 July, 2023
Welcome to our Regulatory Highlights for July 2023. Key Takeaways Representation and conduct that may be false and misleading in nature remains high on ASIC’s list; Licensees need to carefully review their ESG-related disclosures; Ongoing monitoring and promptly dealing with any gaps identified are an integral part of a robust compliance framework; Financial services providers …
Regulatory Highlights: June 2022
18 July, 2022
Welcome to the first issue of our Regulatory Highlights. Key Takeaways Defective disclosure documents may have criminal consequences. Anything false or misleading may have severe consequences. Businesses should monitor all of their communications with the outside world, including website content, online advertisement, seminars, brochures, emails, social media posts and so on. Insider trading is not …
AML/CTF Breaches Reportable to AUSTRAC?
4 July, 2022
A question that we get frequently asked is whether a reporting entity is required to report any breaches of the anti-money laundering and counter-terrorism financing (AML/CTF) obligations and/or its own AML/CTF Program to the Australian Transaction Reports and Analysis Centre (AUSTRAC). The short answer is no. AML/CTF Breach Reporting? The question on the reportability of …
Independent AML Review and Related Considerations
19 January, 2021
The beginning of the year tends to be when a lot of reporting entities consider to get an independent review done on their Anti-Money Laundering and Counter-Terrorism Financing Program (‘AML/CTF Program’, the ‘Program’). I’d like to share my thoughts on topic and related considerations, and to address a few common questions that we tend to …
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Remote Work Compliance Considerations
22 April, 2020
The Covid-19 development in the past month or two has really put the spot light on the importance of a robust Business Continuity Plan (BCP). Many Australian Financial Services Licence (AFSL) holders have either partially or fully rolled out their BCPs. A lot of financial services professionals are now working from their own home as …