by Victoria Smith | 2023-03-14 | Our Thinking
background With a focus on environmental, social and governance (‘‘ESG’’) concerns and the further protection of investors in the modern fund industry, the US Securities and Exchange Commission (the “SEC”) considered a proposal to update the Names Rule of funds,...
by Victoria Smith | 2023-03-09 | Our Thinking
The Financial Conduct Authority’s (“FCA”) changes for Appointed Representatives (“AR”) have been implemented to ensure that the UK’s financial sector remains compliant and transparent. The new rules (“New Rules”) came into effect on 8 December 2022 and...
by Victoria Smith | 2023-03-07 | Our Thinking
background On 4 January 2023, a consent order was issued to Coinbase Inc. (“Coinbase”), a crypto exchange platform, by the New York Department of Financial Services (the “NYDFS”) for conducting its business in an unsafe and unsound manner. Following investigation, the...
by Victoria Smith | 2023-03-02 | Our Thinking
The SEC has recently proposed changes to its Custody Rule that if adopted will substantially expand and reform the existing rules governing custody of client assets. The scope of assets covered by the new Rule will be changed from limited “securities and funds” to any...
by Victoria Smith | 2023-02-27 | Our Thinking
background On 8 February 2023, the Australian Government released Michelle Levy’s Quality of Advice Review Final Report (“the Report”), which assesses the “accessibility and affordability of quality financial advice” available to Australians. The comprehensive Report...
by Victoria Smith | 2023-02-27 | Our Thinking
The Australian Prudential Regulation Authority (“APRA”) has recently announced its key focus supervision and policy areas for 2023. APRA’s prudential policies and supervision activities support its purpose to ensure the financial interests of Australians are protected...
