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We have seen calendar year 2020 start with a burst of energy from potential issuers and financial advisers for IPOs with proposed listing dates in the first half of 2020

ASIC has imposed obligations on advisers to maintain client records and to provide access to licensees upon request.

Until the threats of COVID-19 pass, we are unlikely to have insight into AFCA's "proposed framework and fairness tool".

This enforcement action highlights the importance of robust governance and compliance frameworks for AFS licensees and their RMs.

This article focuses on the provisions relating to credit products.

2020 resolutions for business should include working through the new PDD (product design and distribution) obligations.

ASIC has released additional guidance to assist AFS Licensees with the new financial reporting framework.

Following the global financial crisis and a number of high profile collapses of managed investment scheme operators, ASIC recently released Consultation Paper 140: Financial Requirements which proposed a number of amendments to the financial requirements applicable to responsible entities.

All AFS licensees are required to comply with ASIC regulations to meet their financial reporting obligations.

ASIC's overview report of the Australian hedge funds sector has included the results of its 2014 hedge funds survey.

ASIC's 2012 priorities for the financial services sector are advertising, Strong Super, and shorter PDS disclosure.

This partnership reflects a joint commitment to address the global threat of money laundering and terrorism financing.

Importance of ongoing customer due diligence for all reporting entities.

APRA has announced its plans in relation to specific recommendations in the Banking Royal Commission's Final Report.

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.

Where the conduct of a financial advisor does not warrant the convening of a Panel, ASIC can issue a warning or reprimand.

Banks, superannuation providers and insurance companies must be aware of APRA priorities and ADI new BEAR obligations.