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ESG and the Sustainable Economy Handbook - Overview

Environmental, social, and governance (ESG) and the sustainable economy are concepts that often overlap and frequently intertwine. Whether viewed separately or together, they have significantly changed global investing and...more

ESG and the Sustainable Economy Handbook - Perspectives in ESG and Sustainable Investment

Environmental, social, and governance (ESG) and the sustainable economy are concepts that often overlap and frequently intertwine. Whether viewed separately or together, they have significantly changed global investing and...more

HUB Talks: Payments Across the Globe Mini Series - Trends in Australia

Judith Rinearson and Jeremy McLaughlin sit down with payments lawyers to cover the fintech market place, trends, and developments around the world in the Payments Across the Globe mini-series. In this episode Jeremey...more

Singapore Academy of Law Considers the Impact of Robotics and Artificial Intelligence on the Law

The Law Reform Committee (LRC) of the Singapore Academy of Law (SAL) established a Subcommittee on Robotics and Artificial Intelligence to consider and make recommendations regarding the application of the law to AI systems....more

Public Consultation Underway for Consumer Credit Reforms

On 25 September 2020, the Australian Government announced multiple reforms to consumer responsible lending laws, with the intention to stimulate the economy by reducing the cost and time for consumers and businesses to access...more

11/19/2020  /  Australia , Banks , Creditors , Lending , Loans

Responsible Lending Laws Regarded as 'Unsuitable'

In a year of epic events, it is difficult to see how any financial services reforms could be seen as truly significant. The removal of consumer responsible lending laws, though is significant, at least in relative terms. ...more

COVID-19: Update on Government and Regulator Responses for Superannuation Funds and Fund Managers

Since our last update in late June, governments and regulators have been continuing to address COVID-19 issues with new updates released regularly. Notably, regulators have also extended some temporary measures given the...more

COVID-19: (Australia) Government and Regulator Responses for Superannuation Funds and Fund Managers

There are many government and regulator initiatives aimed at addressing COVID-19 issues and new responses emerge on a daily basis. We have summarised those announcements, relevant to the superannuation and funds management...more

Enforcement – A New Environment

Welcome to the first of a regular series of K&L Gates Legal Insights addressing the new enforcement environment in financial services. The Hayne Royal Commission into Misconduct in the Banking, Superannuation and Financial...more

Life Insurance – Some Sales Tactics Exposed

An Australian Securities & Investments Commission (ASIC) Report, "Sale of Direct Life Insurance" (Report), has exposed systemic issues within the life insurance industry. The findings include a number of dramatic case studies...more

Design & Distribution Bill: A Reflection of the Current "Consumer-Centric" Climate

Misaligned advisor interests. Consumer disengagement. Low financial literacy in the face of complex documents. These themes echo throughout the revised Treasury Laws Amendment (Design and Distribution Obligations and Product...more

Fashion Law Newsletter - November 2017

"In order to be irreplaceable, one must always be different." - Coco Chanel Welcome to our latest edition of Fashion Law where we provide you with the latest updates on legal issues affecting the fashion industry. In...more

Reporting Entities Beware: AUSTRAC is Becoming More Active and Getting More Powers

There are good reasons to suspect that we may soon see increased enforcement action from the anti-money laundering and counter-terrorism financing (AML/CTF) regulator, Australian Transaction Reports and Analysis Centre...more

Fashion Law Newsletter - March 2017

"Fashions fade, style is eternal." - Yves Saint Laurent - Welcome to our latest edition of Fashion Law where we provide you with the latest updates on legal issues affecting the fashion industry. In this issue we...more

Reminder: Fee and Cost Disclosure - RG 97 Extension

ASIC's amended fee and cost disclosure requirements for managed investment schemes and superannuation funds are due to commence tomorrow. However, ASIC has granted an extension until 1 September 2017....more

2/2/2017  /  ASIC , Australia , Fees , Investment Schemes

Unpacking the Australian OTC Derivative Reporting Regime

The Australian government has released draft regulations implementing a single sided exemption from the trade reporting regime for over-the-counter (OTC) derivatives. Consultation on the regulations closed in late June and...more

FATCA is Coming

At the end of May 2014, a bill was introduced to the Australian Federal Parliament to give effect to the United States' Foreign Account Tax Compliance Act (FATCA) and the intergovernmental agreement which was executed by...more

The Future of FoFA

In light of today's announcements from Mathias Cormann, Australia's Minister for Finance, the future of FoFA is becoming clearer. The Future of Financial Advice (FoFA) legislation has been surrounded by uncertainty...more

6/23/2014  /  ASIC , Australia , FOFA Reforms

ASX's mFund and the Best Interests Duty

With the Australian Securities Exchange (ASX) set to launch its mFund settlement service in the first half of 2014, investment platform providers and financial advisers need to spend some time coming to grips with the...more

3/7/2014  /  ASIC , Australia , Foreign Investment

Changes to Hedge Fund Disclosure and Reporting Obligations

In October 2013, the Australian Investment and Securities Commission (ASIC) announced new reporting and disclosure obligations for hedge funds and funds of hedge funds registered in Australia. By 1 February 2014, fund...more

Proposed FoFA Reforms to Ease Regulatory Burden

In line with their pre-election commitments, on Friday 20 December, the Australian Government announced plans to reform the Future of Financial Advice (FoFA) legislation. Many of the changes go beyond what had previously been...more

Australian Financial Services Reforms – New Issues for Superannuation and Hedge Funds

Superannuation fund trustees will be seeking increased input and cooperation from their investment managers in order to comply with new regulatory requirements while hedge funds will need to consider their status under the...more

Advice in a Post FOFA World – Strategic Ripples

There is no doubt that the Future of Financial Advice reforms (FOFA) will significantly transform the advice landscape, and there is debate around which sectors of the advice industry will be the winners, and how long the...more

Curating an Investment Menu – Investment Governance Challenges for Super Trustees

Investment governance expectations on superannuation trustees have risen markedly since the introduction of the StongerSuper reforms....more

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