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THE FOLD LEGAL
Features
The financial services regulator responded to Royal Commission criticism with a ‘why not litigate?’ approach. Jassmyn Goh finds out what this means for advisers and how t...
Financial planning
Advisers are in a position to demand more stringent warranties when they are looking to buy portfolios, The Fold Legal believes....
Life/Risk
ASIC will likely require some insurance code of practice provisions are strengthened before it approves the code, and these requirements may extend to other industry bodi...
Policy & Regulation
The Australian Securities and Investments Commission has said that claims that it causes serious delays in “stringently reviewing” responsible manager appointments are “p...
Policy & Regulation
The Australian Securities and Investments Commission is causing headaches for Australian Financial Services licensees by approving responsible managers despite there bein...
Financial planning
Both the Royal Commission final report and FASEA’s reforms could intensify changes already underway to how financial planning businesses are bought and sold....
Policy & Regulation
With ASIC having recently stopped a number of retail initial coin offerings and token generation events, The Fold Legal finds that tokens don’t always fit neatly into the...
Policy & Regulation
The Fold Legal has warned that transitioning to the Australian Financial Complaints Authority will involve “much work” for Australian Financial Services Licensees....
Financial planning
It would be foolhardy for non-bank advice firms to think that they are not the next focus of the regulator, according to the Fold Legal....
Policy & Regulation
Financial services players are amongst those who have been urged to exhibit caution when offering referral incentives. ...
Policy & Regulation
The Fold Legal has proposed that the definition of control under the Corporations Act be restricted, despite an Australian Securities and Investments Commission taskforce...
Accounting
Limited licensees have been at a disadvantage compared to full licensees ever since the accountants’ limited licence regime was introduced....
Financial planning
The proposed changes to strengthen ASIC’s licensing powers could destroy the value of an investment when there has been no misconduct....
Accounting
Unlicensed accountants are being asked to ‘please explain’ by ASIC as they may be in breach of financial services laws, a law firm said....
Features
Advisers might be keeping pace with technology, but are they on top of the regulation that goes with it? Hope William-Smith finds out....
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...