by Leela | 2023-09-13 | Our Thinking
On 5 September 2023, Australia’s Parliament passed the Financial Accountability Regime Bill 2023 (”FAR”), which replaces and expands on the previous Banking Executive Accountability Regime. The FAR applies to insurers, banks, and superannuation providers, and...
by Leela | 2023-09-04 | Our Thinking
On 27 June 2023, the Australian Treasury issued a second consultation paper titled “Climate-related financial disclosure”. This release builds upon a prior consultation and is in line with the Australian Government’s dedication to creating...
by Leela | 2023-08-29 | Our Thinking
On 7 August 2023, The Australian Treasury released an exposure draft. This draft invites stakeholders to participate in a consultation process regarding proposed exemptions for Australian Financial Services Licences that would apply to foreign financial services...
by Leela | 2023-08-25 | Awards, Our News, Us in the Press
We are thrilled to announce that Cleveland & Co has been selected as a finalist for Strategic Legal Operations Team of the Year at The British Legal Awards 2023! These prestigious, premier legal awards represent ‘the best of the best’ within the UK’s legal...
by Leela | 2023-08-24 | Our Thinking
On 28 June 2023, the UK Law Commission (the “Commission”) issued a Final Report on Digital Assets (the “Report”), providing high level recommendations on how digital assets should be categorised and regulated after receiving public input from a...
by Leela | 2023-08-15 | Our Thinking
Artificial intelligence (“AI”) is rapidly growing and bringing positive changes to various aspects of life, but concerns regarding potential risks are also emerging. The Australian government has been prioritising ethical considerations while advancing...
by Leela | 2023-08-14 | Our Thinking
As a reminder, the Securities and Exchange Commission introduced regulations overseeing the advertising practices of investment advisors, mandating compliance by November 2022. Firms must ensure… they are compliant with the Marketing Rule by updating their...
by Leela | 2023-08-10 | Awards
We are delighted to share that Emma Cleveland has been shortlisted for Legal Advisor of the Year at the Women in Finance Awards 2023! These prestigious awards shine a spotlight on the outstanding achievements of women professionals within the financial services...
by Leela | 2023-08-09 | Our Thinking
On 25 May 2023, the Attorney-General’s Department released the outcomes of the statutory review (“the Review”) of the Australian Modern Slavery Act 2018 (Cth). The Review focuses on reinforcing Australia’s efforts to combat modern slavery, in...
by Leela | 2023-08-08 | Our Thinking
The Australian Prudential Regulation Authority (“APRA”) has published a newsletter highlighting the importance of placing focus on cyber security while conducting independent tripartite cyber assessments on its regulated entities. These assessments are...
