August 2, 2021

Australian Financial Services Regulatory Update – July 2021 | Jones Day

This edition of the Update covers:

  1. Recent legal and regulatory developments, including Australian regulatory expectations regarding the LIBOR transition, AUSTRAC’s issuance of new rules to reflect the recent AML/CTF reforms and the passing of the ‘Your Future, Your Super’ package of reforms;
  2. The continuing fallout of the Financial Services Royal Commission and the recent cases demonstrating ASIC and APRA’s continuing commitment to enforcement action in relation to matters referred by the Commissioner; and
  3. Other regulatory enforcement action, including investigations recently commenced by AUSTRAC’s Enforcement Team and criminal charges laid against a retail bank for false and misleading conduct.

Key Legal and Regulatory Developments

Financial Markets

The Australian Regulators Reiterate Their Expectations for a Smooth Transition Away From LIBOR

On 4 June 2021, ASIC, APRA,…

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