MyComplianceOffice Blog

The Australian Securities and Investments Commission (ASIC) has called on market intermediaries to enhance supervisory mechanisms and strengthen oversight of business communications among their authorised representatives.

The Australian Prudential Regulation Authority (APRA) has undergone several initiatives over the last few years to make its standards and guidance simpler, clearer, and more adaptable.

In a culmination of these efforts, APRA has now launched its digital framework, taking shape as its digital “Prudential Handbook”.

The Australian Prudential Regulation Authority (APRA) has imposed additional licence conditions on the trustee of a prominent Super Trust and Superannuation Plan provider, which has around 850K members and $70 billion in funds under management.

Financial services firms are among the most heavily regulated organizations worldwide. From the FCA to the SEC to ESMA to MAS and beyond, financial services firms are subject to a web of compliance requirements and obligations. It’s not enough to simply be compliant with these requirements—each firm has to be able to prove it.

That’s where compliance certifications and attestations come into play.

The Australian Federal Court recently issued a staggering $1.25 million penalty against a wholesale licensee.