Funds Update - 22 May 2026

The recent Compliance Committee Forum webinar included updates for fund managers and a discussion on greenwashing.

Are you reporting trades by New York (NY) time or following NY close of business? If so, it is important to check that your trades/transactions are still reported at the correct time as Daylight Saving Time (DST) ends in the US on Sunday, 1 November 2026 at 2:00 am local time.

Australian financial markets face a fundamental shift in disclosure requirements from December 2026, as new rules expand substantial holding obligations beyond traditional voting interests to capture derivative positions and economic exposure. Market participants must now navigate complex calculations involving physically settleable derivatives, cash-settled instruments, and offsetting short positions—with no grandfathering for existing holdings.

When a borrower defaults on a loan, does the lender have an immediate right to repossess property or force a sale? This article examines the negotiation options available to borrowers after loan default, the statutory protections under the National Credit Code, and the enforcement rights and obligations of lenders under Queensland's Property Law Act 2023.

On 24 August 2026, ASIC released its 2026-2027 Corporate Plan, announcing that it is committed to being easier to deal with for those trying to comply with the law, while being harder to avoid for those causing harm.

Australia's payment services landscape is undergoing a fundamental regulatory transformation with the introduction of new legislation that shifts focus from specific technologies to the functions and activities performed by payment service providers. The Treasury Laws Amendment Bill 2026 will replace the existing non-cash payment facility framework with a comprehensive licensing regime that distinguishes between payment products and payment services, potentially capturing previously unregulated payment

The Guidance Note seeks to provide practical steps, based on leading practice, to guide investment managers on how to communicate with investors regarding the relevant green or sustainable attributes of relevant products and services.

From 4 December 2026, enhanced substantial holding disclosure and beneficial ownership disclosure obligations will apply to entities listed on Australian securities exchanges.

Listed and unlisted entities will have an additional month to lodge their financial statements with ASIC.

The Australian Government has unveiled its Financial Innovation Strategy, introducing a new Financial Innovation Committee and overhauling the Enhanced Regulatory Sandbox framework to better support emerging businesses testing innovative financial products. The strategy encompasses reforms across consumer data rights, digital assets, tokenised infrastructure, and regulatory frameworks designed to position Australia as a leader in financial innovation.

As a result of operational constraints related to the enhanced social media vetting of H-1B and H-4 visa applicants that will go into effect on December 15, 2025, U.S. consulates in India have begun automatically...

On January 12, 2026, President Trump announced via Truth Social: "[e]ffective immediately, any Country doing business with the Islamic Republic of Iran will pay...

On September 18, 2026, President Donald Trump signed into law the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 (Act), a significant package of sanctions, trade restrictions and related measures...

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) today issued Russia-related General License 135 (GL 135), “Authorizing Transactions Related to the Sale, Delivery...

The U.S. Department of Homeland Security published a final rule that will shift the H-1B cap registration selection process from a random lottery to a weighted selection process...

China has a VAT rebate system that reduces the 13% domestic value-added tax (VAT) on certain exported goods.

On August 25, 2026, the U.S. Department of Homeland Security (DHS) and U.S. Citizenship and Immigration Services (USCIS) published a proposed rule that would impose a $103,265 fee on all cap-subject H-1B petitions.

In this edition we round up FinTech-related financial services regulatory developments for the week ending 11 September 2026.

Last month, the Securities and Exchange Commission (SEC) issued an order granting a five-year exemption from registration as a national securities exchange under the Securities Exchange Act of 1934...

SIAC Annual Report 2025: Key Statistics, Trends, and Takeaways for International Arbitration Practitioners