Facebook-square Linkedin Instagram

Industry

Bitcoin ETFs under Active Consideration, Says ASIC Commissioner

Blockchain, Business, Industry /

Armour sought to change the ASIC’s reputation for being stuck in the mud when it comes to Bitcoin-linked products. ASIC commissioner Cathie Armour on Friday said the Australian Securities and Investment Commission is open to the idea of facilitating the listing of crypto versions of exchange-traded funds. Armour has seemingly sought to change ASIC’s reputation […]

Bitcoin ETFs under Active Consideration, Says ASIC Commissioner Read More »

Aussie Brokers Welcome ASIC Restrictions Despite Expected Volume Dip

Forex, Industry, Regulations /

The new leverage levels will become effective on March 29, 2021. The Australian Securities and Investments Commission (ASIC) is going to implement restrictions on the retail contract for difference (CFDs) market. Their impact on the trading market can be huge as the leverage levels will be restricted up to 30:1 from the usual existing offerings

Aussie Brokers Welcome ASIC Restrictions Despite Expected Volume Dip Read More »

ASIC seeks further feedback on internal dispute resolution data reporting requirements

Business, Industry /

ASIC is seeking further feedback on proposed requirements for internal dispute resolution data reporting. Today’s release follows ASIC’s earlier consultation through Consultation Paper 311 Internal dispute resolution: Update to RG 165 (CP 311) which was published on 15 March 2019. Among other matters, CP 311 outlined ASIC’s approach to implementing the internal dispute resolution data

ASIC seeks further feedback on internal dispute resolution data reporting requirements Read More »

ASIC consults on consumer remediation guidance

Business, Industry, Regulations /

ASIC has today released a consultation paper on proposed updates to Regulatory Guide 256: Client review and remediation conducted by advice licensees. Consultation Paper 335 Consumer Remediation: Update to RG 256 (CP 335) includes clarification of RG 256’s application to all financial services licensees, credit licensees and superannuation trustees. Announcing the consultation, Acting Chair Karen Chester said, “Putting money back in

ASIC consults on consumer remediation guidance Read More »

AFS License Not Required by Foreign Brokers to Deal with Professional Clients

Forex, Industry, Regulations /

Dealing with sophisticated clients is permitted without an AFS license. Increasingly CFD and FX dealers are looking to provide financial services in highly-regulated jurisdictions. Many of these dealers are unaware that Australia offers a little-known exemption to the financial services licensing requirements. Under the Corporations Regulations 2001 (Reg 7.6.02AG), foreign CFD and FX brokers do

AFS License Not Required by Foreign Brokers to Deal with Professional Clients Read More »

Scroll to Top