ASIC welcomes the Government’s commitment to creating new design and distribution obligations in relation to financial products and strengthening consumer protection by introducing a product intervention power
The Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018 has now been through its second reading debate on 24 October 2018 in the House of Representatives. The purpose of the Bill is to overcome gaps in the current regulatory regime and promote the provision of suitable financial products to consumers.
by Joanne MacDonald – Adviser When you’re thinking of setting up a fund, it’s really important to get all the ducks in a row and be strategic rather than going about the process in an ad hoc manner. An ad hoc approach often reflects someone with an idea that is only partially formed. They may
A Responsible Entity is ultimately responsible for the operation of managed investment schemes and must be appointed if an investment scheme needs to be registered. The Responsible Entity must be an Australian public company and may operate either for a registered scheme as a Responsible Entity or an unregistered scheme as a Trustee. Clients
by Robert Bush – Fund Administration Manager Regtech is an idea whose time has come. Understanding and using it will save you time, headaches….and money. Regtech is a term used to describe the use of technology with respect to regulatory monitoring, reporting and compliance. It relates to any technology created to address regulatory challenges and
Sydney, August 3, 2018 – As part of its current $225million capital raise, Sydney-based media and entertainment fund Upsense Media Capital announced today the closing of an AUD $80million capital commitment deal in an agreement with Global Pictures Media. Global Pictures Media provides this capital in partnership with Horizon Media who is the largest privately