A Reflection on 2018

You could be forgiven for not expecting 2018 to happen the way it did, especially in the financial services industry. But is the landscape really changing?

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Retail vs Wholesale Investors: Why the Distinction Matters

When we provide clients with compliance advice, one of the first questions we ask is “do you have retail or wholesale investors?” The distinction is vital as the AFS Licensee’s legal obligations and compliance requirements are dependent on which investor type they target, and what authorisations they have on their AFSL.

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What Are the New Proposed Rules when Designing and Distributing Retail Products?

The Assistant Treasurer introduced the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018 (Cth) (Bill) in September 2018. If passed by Parliament, the Bill will make significant changes to the way retail financial products are designed and distributed to improve consumer protection. It also enhances ASIC’s powers to intervene in situations where consumers are put at risk.

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Latest Articles

Retail vs Wholesale Investors: Why the Distinction Matters

Retail vs Wholesale Investors: Why the Distinction Matters

When we provide clients with compliance advice, one of the first questions we ask is “do you have retail or wholesale investors?” The distinction is vital as the AFS Licensee’s legal obligations and compliance requirements are dependent on which investor type they target, and what authorisations they have on their AFSL.

read more
What Are the New Proposed Rules when Designing and Distributing Retail Products?

What Are the New Proposed Rules when Designing and Distributing Retail Products?

The Assistant Treasurer introduced the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018 (Cth) (Bill) in September 2018. If passed by Parliament, the Bill will make significant changes to the way retail financial products are designed and distributed to improve consumer protection. It also enhances ASIC’s powers to intervene in situations where consumers are put at risk.

read more

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