Financial Services Regulation
The so-called ‘opt-in’ rules for charging ongoing financial advice fees under FOFA have been supplemented with ASIC's guidance on how it will approve codes of conduct that may provide an exemption for advisors.
Thu, 4 Apr 2013 5:15pm
The Government's landmark Australia in the Asian Century White Paper provides business with a policy pathway to engage with our Asian neighhours. Mark Crean discusses where he sees the greatest opportunities and challenges for business as we enter the new era of Asian economic power.
Thu, 1 Nov 2012 2:30pm
With the latest changes to the consumer credit provisions, credit providers will need to ensure that they are compliant before 1 March to avoid sanctions. David and Ryan talk through the amendments and the key things credit providers need to do now.
Thu, 18 Oct 2012 9:40am
Unilateral amendments to Managed Investment Scheme constitutions have been rejected on Appeal in Victoria. Penny and Marc discuss the decision and its potential implications.
Mon, 15 Oct 2012 4:00pm
Crowdfunding websites have attracted the attention of the corporate regulator, prompting ASIC to issue guidance around what types of crowdfunded projects could require a financial services licence and comply with disclosure obligations. Daniel Goldberg examines the impact this could have on this fledgling industry and how promoters and site operators can ensure they're not breaching the law.
Fri, 24 Aug 2012 12:00pm
ASIC's new financial requirements for CFD and FX dealer significantly raises the bar for issuers and could push some players out of the market all together. Louise and Matthew run through what the new rules are, the likely effect on the industry before running through the to-do list to prepare for the first 31 January 2013 deadline.
Mon, 13 Aug 2012 10:45am
With the new regulation around litigation funding excluding litigation funds from the rules that apply to Managed Investment Schemes many stakeholders feel that the regulation of litigation funds is inadequate. Steven Glass from Gilbert + Tobin and Clive Bowman from IMF (Australia) join BRR in the studio to discuss the regulation and whether it does indeed go far enough.
Fri, 27 Jul 2012 1:00pm
ASIC's proposal to increase the capital requirements for the electricity sector has been met with strong resistance from the industry, a view which is shared by Grant Anderson from Allens' Energy and Resources team. Grant runs through the proposed changes that in some cases could lead to perverse outcomes should the changes come into effect.
Thu, 26 Jul 2012 4:30pm