News & Insights

APRA’s Reminder on Information Security Requirements

by Leela|8 August 2023|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 aimed at ensuring that these entities have the necessary infrastructure to effectively withstand cyberattacks and security threats. Although currently evaluating approximately 300 banks, […]

APRA’S Proposal on Operational Risk Management Requirements Updates

by Leela|7 August 2023|Our Thinking

On 17 July 2023, the Australian Prudential Regulation Authority (“APRA“) released the Prudential Standard CPS 230 for Operational Risk Management (“CPS 230“), along with a consultation draft of the Practice Guide CPG 230 for Operational Risk Management. The main objective of CPS 230 is to minimise disruptions to critical operations by mandating that organisations establish […]

Consumer Duty and the 31st July deadline – Are you compliant?

by Leela|3 August 2023|Industry News

The Financial Conduct Authority’s Consumer Duty came into force on 31 July 2023, making it applicable to all new and existing products or services that are open to sale or renewal. Firms must have all the necessary processes and agreements in place to fulfil their obligations under the Consumer Duty… For more information on the […]

Your Business May Be Engaging in Greenwashing Inadvertently

by Leela|2 August 2023|Industry News

In recent times, a number of investment funds have come under scrutiny and criticism for engaging in greenwashing. We can help you navigate this complex issue. Safeguard your firm against the risk of greenwashing Schedule your 10-minute call with Tanja Listar for invaluable insights and guidance to ensure that your firm meets all the necessary […]

Accelerating climate action in APAC for sustainable development

by Leela|1 August 2023|Industry News

The 79th session of the Economic and Social Commission for Asia and the Pacific (the “ESCAP”) was held from 15 to 19 May 2023. This session witnessed the adoption of 10 United Nations (“UN”) resolutions by countries within Asia-Pacific (the “APAC”), with the aim of reaffirming their unwavering commitment to safeguarding the planet and its […]

Q&A with our interns, Alex, Hannah and Hailey

by Leela|28 July 2023|Our News

Alex Findlay, Hannah Nguyen and Hailey Kadivar have all been an invaluable part of the team for the past 4 weeks as our interns! Their unwavering commitment and hard work during their time with us have been truly impressive. As they prepare to embark on the next stage of their journey, we took the opportunity […]

EU Adoption of EU-US Data Privacy Framework

by Leela|27 July 2023|Our Thinking

On 10 July 2023, the European Commission adopted the new EU-US Data Privacy Framework (the “Framework”). This Framework ensures that personal data transferred from entities in the EU to entities in the US who are signatories to the Framework will receive adequate protection. As a result, personal data can freely flow from the EU to […]

ACCC’s Draft Guidance for Businesses’ Environmental and Sustainability Claims

by Leela|26 July 2023|Our Thinking

On 14 July 2023, the Australian Competition & Consumer Commission (“ACCC”) released ‘Draft guidance for business’ (the “Draft Guidance”), focussed on improving the integrity of environmental and sustainability claims made by businesses, ensuring consumer protection from greenwashing. Under Schedule 2 of the Competition and Consumer Act 2010 (Cth), the Australian Consumer Law (the “ACL”), businesses […]

UK Government’s proactive stance on a ‘‘Pro-Innovation’’ approach to AI Regulation

by Leela|25 July 2023|Our Thinking

In June 2023, the Secretary of State for Science, Innovation, and Technology unveiled the “A pro-innovation approach to AI regulation” policy paper. This paper emphasises the role of AI in bolstering the UK economy through innovation. However, it also acknowledges the emergence of new risks like privacy violations and potential threats to human rights and […]

The Financial Conduct Authority has expanded retail access to the Long-Term Asset Fund

by Leela|20 July 2023|Our Thinking

In June 2023, the Financial Conduct Authority (“FCA“) issued Policy Statement PS23/7, presenting the finalised regulations and guidance designed to expand retail and pension access to the Long-Term Asset Fund (“LTAF“). After conducting an initial consultation in August 2022 to explore the potential extension of retail access to the LTAF, the FCA considered feedback and […]