On 24 June 2025, the Australian Securities and Investments Commission (ASIC) updated its guidance for Australian financial services (AFS) licensees on how they can reduce share sale fraud risks to their clients and business. The update follows a spike in reports of stolen shares due to identity theft and an industry
APRA consults on minor changes to the Banking Act 1959
On 18 June 2025, the Australian Prudential Regulation Authority (APRA) published a letter to consult on a set of minor proposals on instruments relating to section 66 of the Banking Act 1959.
Under section 66 of the Banking Act, there are restrictions on the use of certain words and expressions within the context
ASIC cracks down on unlawful finfluencers
On 12 June 2025, the Australian Securities and Investments Commission (ASIC) issued a press release stating that it had issued warning notices to 18 social media ‘finfluencers’ suspected of unlawfully promoting high-risk financial products and providing unlicenced financial advice.
Following the issuance of INFO Sheet 269 ‘Discussing financial products and services online’ in
Global Regulation Tomorrow Plus: Financial services regulation and the carbon markets – the Australian perspective
In this latest episode of Global Regulation Tomorrow Plus Elisa de Wit, Vittorio Casamento and Simon Lovegrove explore the carbon market generally and then discuss the Australian financial services regime for carbon credits and when to apply for an AFS licence.
Listen to the podcast here.
ASIC issues long awaited guidance on when an OTC derivative is “entered into” in Australia
On 2 February 2015, the Australian Securities and Investments Commission (“ASIC”) issued a class exemption which seeks to provide guidance to foreign entities about when they will be regarded as having “entered into” an OTC derivative in Australia for the purposes of the ASIC Derivative Transaction Rules (Reporting) 2013 (“Australian DTRs”), as such OTC derivatives