by Victoria Smith | 2023-03-30 | Our Thinking
summary The Australian Government issued the Privacy Act Review Report 2022 (the “Report”) in February 2023 with a list of 116 proposals to reform the Privacy Act 1988 (Cth) (the “Privacy Act”). These proposals aim to enhance personal data protection offerings to...
by Victoria Smith | 2023-03-30 | Industry News
Under the Sustainable Finance Disclosure Regulation, financial market participants and financial advisers are required to disclose information on the integration of sustainability risks into investment decision-making, and the impact of sustainability factors on their...
by Victoria Smith | 2023-03-22 | Our Thinking
In this second of our six deep-dive guides into the FCA’s sustainability disclosure requirements, we’re looking at the naming and marketing restrictions that the FCA propose to introduce to investment products marketed to retail investors that do not qualify for a...
by Victoria Smith | 2023-03-15 | Our Thinking
Greenwashing is one of the Australian Securities and Investments Commission (“ASIC”) key priorities outlined in its recently released enforcement priorities, particularly as there has been an increase in investor demand for sustainability-related financial products in...
by Victoria Smith | 2023-03-15 | Our Thinking
In this first of our six deep-dive guides into the FCA’s sustainability disclosure requirements, we’re looking at investment labels. Sustainable investment labels are designations given to investment products that meet certain environmental, social and...
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 | 2023-03-08 | Events
Happy International Women’s Day! Today, we celebrate the incredible achievements and contributions of women all around the world who have shaped our society and inspired us with their resilience, compassion and strength. At Cleveland & Co, we continue to...
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...
