Greg Patton

Oct 2, 2024 | ashurst.com | Hong-Viet Nguyen |Greg Patton

On 13 September 2024, Treasury released an exposure draft of the long awaited Treasury Laws Amendment Bill 2024: Scams Prevention Framework 2024 (Bill) for consultation. The Bill seeks to address growing government and public concerns regarding the increased proliferation of scams impacting Australian consumers across a number of industries. Scam prevention has a been a priority of the government in recent months.

Jul 4, 2024 | lexology.com | Greg Patton

Key Takeaways from ASIC Info Sheet 283The Australian Securities and Investments Commission (ASIC) has released Info Sheet 283, which provides guidance on supervising business communications of market intermediaries and their representatives to ensure compliance with obligations under the Corporations Act and Market Integrity Rules. Record keeping of communications and effective monitoring of those records has been an important global theme.

Sep 20, 2023 | lexology.com | Etay Katz |Tim Cant |Lorraine Johnston |Vidhi Mahajan |Bradley Rice |Emma Tran | +6 more

The Financial Services and Markets Act 2023 has been published following Royal Assent on 29 June 2023. The Financial Services and Markets Act Bill was first introduced in July 2022 (see our briefing here) and is the most significant piece of post-Brexit legislation since the Financial Services Act 2021.

Sep 20, 2023 | lexology.com | Tim Cant |Greg Patton |Anna-Marie Slot |Lorraine Johnston

On 14 September, the European Commission published a targeted consultation and a public consultation of the sustainable finance disclosure regulation (SFDR). The review of SFDR has been previously trailed but the extent of the scope of the questionnaire is surprising. The consultation is open until 15 December. It is likely that any significant reform will therefore take a number of years before entering into force but could amount to a significant regulatory change project (again).