On 5 August 2025, the Australian Prudential Regulation Authority (APRA) issued a media release announcing that it had placed an additional $5.5 million capital requirement and imposed additional licence conditions on the life insurance company and friendly society, KeyInvest Limited (KeyInvest).
Review
These measures have been imposed following APRA’s review of
On 24 July 2025, the Australian Securities and Investments Commission (ASIC) issued a media release stating that the Full Court of the Federal Court had dismissed its appeal in the Finder Wallet case relating to a crypto-asset related product Finder Earn. The ruling upheld the original decision of the Federal Court, which found
On 10 July 2025, the Australian Securities and Investments Commission (ASIC) announced that Project Acacia, a joint initiative between the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre, had reached a significant milestone. Project Acacia is designed to explore how innovations in digital money and existing settlement infrastructure might support
On 9 July 2025, the Australian Securities and Investments Commission (ASIC) issued proposals to update Regulatory Guide 168 Disclosure: Product Disclosure Statements (PDS) (and other disclosure obligations) (RG 168).
Update
The purpose of the update is to simplify and consolidate the guidance in RG 168.
In particular, ASIC proposes
On 9 July 2025, the Australian Securities and Investments Commission (ASIC) announced that it was seeking feedback on proposals to remake two legislative instruments relating to digital disclosure.
ASIC also proposes to update Regulatory Guide 221 Facilitating digital financial services disclosures (RG 221).
Background
Under the Legislation Act 2003, all legislative
On 9 July 2025, the Australian Securities and Investments Commission (ASIC) announced that it was seeking feedback on proposals to remake six legislative instruments relating to disclosure relief.
Background
Under the Legislation Act 2003, all legislative instruments are automatically repealed, or ‘sunset’, after 10 years, unless ASIC takes action to preserve them.
Legislative
In recent years, diversity and inclusion (D&I) in the financial services sector has become a focus for regulators around the world. Individual regulators, however, have taken different approaches to D&I to reflect the local socio-economic environment.
Below, we provide a high-level summary of the position across a number of key jurisdictions updating our table published
In our latest podcast, our global Financial Services team covers recent regulatory and enforcement developments in the UK, US, Australia and Dubai in relation to off-channel messaging, as well as practical steps that global firms can be taking now in this area to manage their risk.
Listen to the episode here.
This is a
In summer 2024, the Prudential Regulation Authority (PRA) published a Consultation Paper, CP11/24, on International firms: Updates to Supervisory Statement (SS5/21) and branch reporting. CP11/24 is key to understanding the booking models that the PRA will accept and reflects the debates which the branches of European banks have had in
The Trusts Bill 2024 (Qld) (Trusts Bill) was tabled in the Queensland Parliament on 21 May 2024. The objective of the Trusts Bill is to replace the Trusts Act 1973 (Qld) (the Act) with modernised and simplified trusts legislation and is aimed at enhancing and streamlining the law of trusts in Queensland