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2 months ago | 
hallandwilcox.com.au | Emma Donaghue |Elliott Stumm
Insights3 Feb 2025By Emma Donaghue, Elliott Stumm, Georgia Grayand Aashray VelhalClick on each heading below to read more about each of these areas: superannuation, financial product advice, financial markets, anti-money laundering, insurance, banking and other financial services regulation.
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Oct 11, 2023 | 
mondaq.com | Emma Donaghue |Elliott Stumm
Welcome to the October edition of Financial Services
Thinking showcasing the latest news from ASIC, including the
corporate regulator's continued focus on all things relating to
the design and distribution obligations (DDO).
We also share a Hot Tip about new legislation which recognises
long-serving financial advisers.
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Oct 10, 2023 | 
mondaq.com | Emma Donaghue |Elliott Stumm
McMahon Clarke has made a formal submission to Treasury's review of
the regulatory framework for managed investment schemes (MISs). This review may ultimately herald a new MIS regime and
significantly impact the domestic investment landscape.
SOME QUESTIONS
We have previously written about the Australian government
tasking Treasury to review the regulatory framework governing MISs
in our article Major overhaul on the horizon for managed
investment schemes.
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Sep 18, 2023 | 
mondaq.com | Elliott Stumm
ASIC's new and updated financial requirements includes one
change for wholesale fund managers and some good news for the
industry.
Partner Elliott Stumm explains how these changes to the
financial requirements might apply to you.
NEED TO KNOW
ASIC released four new legislative instruments relating to the
financial requirements imposed on AFS licensees and updated
Regulatory Guide 166 AFS licensing: Financial requirements
(RG 166).
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Sep 13, 2023 | 
mondaq.com | Emma Donaghue |Elliott Stumm
Our Hot Tip in this edition of Financial Services
Thinking explains what fund managers need to know about the
government's managed investment scheme review.
We also share all the latest news from ASIC and AUSTRAC.
ASIC
ASIC has launched civil penalty proceedings in the Federal Court
against Active Super alleging misleading conduct and
misrepresentations to the market.
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Aug 31, 2023 | 
mondaq.com | Elliott Stumm
20% Very Popular: This author falls within the Top 20% for the below topics and industry categories Based on Mondaq users readership, this author is ranked as VERY POPULAR in Australia for the topics, user groups and industry sectors listed below*: Topics * Rankings are based on analysis of the last 12 months of Mondaq readership data across more than 25,000 contributing authors. To be ranked ‘Very Popular’ an author must be in the top 20% of results within the selected criteria.
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Aug 18, 2023 | 
mondaq.com | Elliott Stumm
Treasury has finally released the long-awaited consultation
paper for the review of the regulatory framework governing
managed investment schemes (MISs). The consultation
paper reveals some critical questions which, if reform flows
from them, will materially impact all industry stakeholders.
BACKGROUND
In the October 2022-2023 budget, the Government announced it
would ask Treasury to conduct a review of the MIS regulatory
framework.
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Aug 7, 2023 | 
mondaq.com | Emma Donaghue |Elliott Stumm
Read the latest edition of Financial Services Thinking
where you'll find a 'hot tip' about ASIC's antidote
to greenwashing as well as all the latest news from the corporate
regulators.
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Jul 6, 2023 | 
mondaq.com | Emma Donaghue |Elliott Stumm
Read the latest edition of Financial Services Thinking where
you'll find a 'hot tip' about the new internal dispute
resolution reporting requirements as well as all the latest news
from the corporate regulators.
ASIC
ASIC issues first DDO stop order for failure to take reasonable
steps
ASIC has announced its for contravention of the reasonable
steps obligations regarding a financial product since the design
and distribution obligations (DDO) took effect in October 2021.
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Jun 1, 2023 | 
mondaq.com | Elliott Stumm |Emma Donaghue
Welcome to the latest edition of Financial Services
Thinking showcasing the news from the corporate
regulators.
We also share a 'hot tip' about ASIC being unable to
'voluntarily' refrain from publishing a notice of action in
the Gazette.
Please share Financial Services Thinking with your
friends and colleagues, and we value your feedback.
ASIC
Do you comply with ASIC's DDO good practice?
