07/11/2025
Reserve Bank of Australia plans wholesale CBDC trials on public and private DLTs
The securities regulator ASIC has provided some regulatory exemptions during the six month span of the project.
Legal, Regulation & Compliance
07/09/2025
APRA consults on amendments to phase out AT1 Capital
The Australian Prudential Regulation Authority (APRA) has begun consulting on proposed changes to its bank prudential and reporting frameworks to phase out Additional Tier 1 (AT1) capital instruments.
07/08/2025
ASIC appeals Federal Court findings relating to alleged unfair term used in insurance contracts by HCF Life
On 28 October 2024, the Federal Court found that while the pre-existing condition term was liable to mislead the public, it was not unfair.
07/08/2025
ASIC permanently bans financial adviser Barry King
ASIC found that Mr King’s conduct was dishonest
07/08/2025
SFC convenes second Digital Asset Consultative Panel meeting
The SFC will continue to proactively collaborate with the VATPs via the DACP as part of the initiative in Pillar Re (Relationships) of the SFC’s ASPIRe roadmap.
07/07/2025
MAS Takes Regulatory Actions against 9 Financial Institutions for Anti-Money Laundering Related Breaches
The present suite of actions marks the conclusion of MAS’ enforcement actions against FIs with material nexus to the major ML case.
07/07/2025
Korea launches investigation into pre-installed smartphone apps Featured
Devices examined in the investigation included Samsung Electronics’ Galaxy and Apple’s iPhone, which identified possible violations by Samsung’s “Studio” app, which provides video editing features.
07/03/2025
MAS Proposes to Enhance Product Highlights Sheets and Streamline Framework for Complex Products
MAS’ objective is to strengthen the effectiveness of a disclosure-based regime for investors to make informed choices on their own, while requiring an appropriate level of intervention for consumers who need more assistance.
07/02/2025
Former wealth manager sentenced to 12 months imprisonment for breaching Court orders
In addition, Mr Fuoco will never be allowed to be involved in financial services or credit activities, following an undertaking he gave to the Court.
07/01/2025
ASIC issues updated guidance for managed investment schemes
The changes are focused on reflecting consequential changes to the law and legislative relief granted by ASIC since these RGs were last updated.
07/01/2025
ASIC cancels Australian financial services licence of Ballast Financial Management Pty Ltd
The AFS licence was cancelled after ASIC became aware that Ballast had ceased to carry on a financial services business.
06/30/2025
AVPN launches new platform to streamline philanthropy in Asia
It offers a curated pool of over 400 verified impact organisations.
06/26/2025
MAS and ABS Announce the Incorporation of New Payments Entity – Singapore Payments Network (SPaN) – to Position National Payment Schemes for Next Stage of Growth
SPaN aims to provide strong governance over national and cross border payment schemes, promote continuous payments innovation and encourage active collaboration among key industry players.
06/20/2025
APAC regulators putting bigger focus on climate risks, says UN
The report says central bank mandates vary across the region in terms of how explicitly regulators can address the impacts of climate change
06/19/2025
HKMC alerts public of fraudulent website
The HKMC urges the public to beware of suspicious calls, websites or other communications, and to remain vigilant in protecting personal information.
06/19/2025
APRA consults on proposals for instruments relating to section 66 of the Banking Act
APRA’s proposals pertain to section 66 exemption and determination instruments that are due to sunset later this year or that require updating to reflect current practice.
06/16/2025
ASIC takes steps to appoint receivers to Australian Fiduciaries Ltd as investigation continues
ASIC’s application seeks to preserve the assets of the scheme and obtain a clearer picture of the financial position of Australian Fiduciaries and its schemes while ASIC continues its investigation.
06/13/2025
SFC proposes to further restrict use of misleading names to enhance investor protection
The proposal will also cover titles that may imply an association with established exchanges, VATPs and other similar entities.
06/13/2025
ASIC bans former financial adviser Glenda Rogan for 10 years
ASIC found that Ms Rogan did not comply with a financial services law by engaging in misleading or deceptive conduct.
06/13/2025
ASIC cracks down on unlawful finfluencers in global push against misconduct
Last week, ASIC and regulators from the United Kingdom, United Arab Emirates, Italy, Hong Kong and Canada took coordinated actions to crack down on unauthorised finfluencers.