CNM Legal https://validator.w3.org/feed/docs/rss2.html AML/CTF reforms: Governance and accountability under the new framework Latest News Court imposes $35 million penalty on broker for short sale reporting failures Regulatory Review of Lead Generation Practices in the Financial Advice Sector Firstmac ordered to pay $8 million in penalties for failing to comply with its design and distribution obligations Buy Now, Pay Later regulations set to be finalised ASIC proposes further relief for licensees under the reportable situations regime Active Super ordered to pay $10.5 million penalty in ASIC’s third greenwashing court action Full Federal Court finds in favour of ASIC in two appeals concerning Sunshine Loans Meeting Expectations: The Future of AGMs and Shareholder Engagement ASIC Suspends AFS Licence Following Change of Ownership Viridian Equity Group Licence Cancelled Following Compensation Payments Financial Services Provider Penalised $11 Million Over Poor Advice and Conflicted Remuneration Macquarie Bank Faces Additional Licence Conditions Over Repeated Compliance Failures New Regulatory Guidance for Buy Now Pay Later Providers Ahead of Industry Reform ASIC cancels AFS licence of Thistle Financial Group Pty Ltd BNPL providers now require an Australian Credit Licence ASIC cancels AFS licence for competency failures Episode 4: Responsible Managers (RMs): AFSL Requirements, Appointment, and Risk Appointing a responsible manager: understanding key considerations Court imposes $10 million penalty on broker for client classification failures ASIC set to increase capital requirements for fund managers AML/CTF reforms: New statutory requirements for AML/CTF compliance officers ASIC acts on unlicensed personal advice Proposed fast-track IPO reforms aim to accelerate ASX listings ASIC Targets Fund Issuer Over Failures to Comply with Design and Distribution Obligations ASIC sues online lender for unconscionable debt recovery processes One-off, no-harm contraventions no longer automatically reportable: ASIC eases burden on licensees AFS licensee sued for cybersecurity and licensee obligation failures New exposure draft legislation released for the regulation of non-cash payment providers ASIC alleges fund manager breached its duty of care by operating a compliance facade Widespread auditor independence breaches revealed in regulatory surveillance ASIC clarifies regulation of digital assets: Are you already providing financial services? ASIC’s surveillance of private credit retail and wholesale funds New AFS licensing regime for digital assets introduced into parliament ASIC cancels AFS licence for key person compliance failures ASIC Issues interim stop order against FXCM over target market deficiencies ASIC releases catalogue of key obligations for private credit funds ASIC updates guidance on managing conflicts of interest in financial services ASIC suspends AFS licence for responsible manager compliance failures AML/CTF reforms: Is your program fit for the new framework? AML/CTF reforms: What you need to know about the new reporting group framework New AFS licensing regime to digital assets takes next step towards implementation When forecast information in an IM is misleading: Full Federal Court highlights the need for reasonable grounds Podcast Treasury’s managed investment scheme reforms: three structural changes fund managers need to watch Home About Us Charlotte Verstegen New AFS licensing framework for payment service providers: draft legislation released