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Industry

Design and Distribution Obligations – deferred but not forgotten. What do you need to do to prepare for the DDO regime?

23 Jul 2020
Design and Distribution Obligations – deferred but not forgotten.  What do you need to do to prepare for the DDO regime?

Michael Mavromatis

Special Counsel

The design and distribution obligations (DDO) may have been deferred for six months, but they’re not going away. Product issuers and distributors still need to prepare for the commencement of…...

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Are you ‘fit and proper’ or only of ‘good fame and character’?

30 Jun 2020
Are you ‘fit and proper’ or only of ‘good fame and character’?

Jamie Munton

Lawyer

In March this year the requirements for obtaining and maintaining an Australian Financial Services Licence (AFSL) were amended by the Financial Sector Reform (Hayne Royal Commission Response—Stronger Regulators (2019 Measures))…...

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FACT SHEET: How to set up a Money Remitter (also known as a Money Transfer Operator or Payment Services Provider) Checklist

19 Jun 2020
FACT SHEET: How to set up a Money Remitter (also known as a Money Transfer Operator or Payment Services Provider) Checklist

Alexa Bowditch

Lawyer

☐ Determine the characteristics of your remittance business Payment corridors and any other jurisdictions you will deal with Currencies you will exchange Customer types Whether your business offers only spot FX…...

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Compliance – What is it good for?

29 May 2020
Compliance – What is it good for?

David Court

Partner

Financial services licensees will be well aware that they are required to comply with the financial services laws and the conditions of their licence.  They are also required to self-report…...

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AFCA – so what is fair?

20 May 2020
AFCA – so what is fair?

Rachel Erlich

Senior Associate

As I write this in May 2020, we are facing difficult times.  We are grappling with a global pandemic caused by COVID-19.  And, as we experienced during the global financial…...

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FACT SHEET: Setting up a Cryptocurrency (Virtual Asset) Exchange Checklist

11 May 2020
FACT SHEET: Setting up a Cryptocurrency (Virtual Asset) Exchange Checklist

Alexa Bowditch

Lawyer

Before you set up a cryptocurrency exchange... ☐  Determine the structure of your cryptocurrency exchange: Crypto to fiat or crypto to crypto Virtual assets to be exchanged Broker or market…...

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FACT SHEET: Top 10 Tips for a Successful AFSL Application

08 May 2020
FACT SHEET: Top 10 Tips for a Successful AFSL Application

Frank Varga

Head of Licensing

Here are our top 10 tips for a successful AFSL application. Organisational competency, as demonstrated by your Responsible Manager, will make or break your application. Get good legal advice at…...

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FACT SHEET: AFSL Costs

08 May 2020
FACT SHEET: AFSL Costs

Frank Varga

Head of Licensing

So, you think you’re ready to apply for your own AFSL.  What are the costs should you be prepared for? Preparing You can attempt to prepare and submit your own…...

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FACT SHEET: The AFSL Application Process

08 May 2020
FACT SHEET: The AFSL Application Process

Frank Varga

Head of Licensing

Before applying for a licence, you need to know: 1. Why are you applying? “Branding” alone won’t cut it.  You need to convince ASIC that you need a licence.  You…...

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