ASIC signs fintech Co-operation Agreement with OJK to promote innovation in financial services
21 April 2017
The Australian Securities and Investments Commission (ASIC) and Indonesia's Otoritas Jasa Keuangan (OJK) have entered a Co-operation Agreement to promote innovation in financial services in their respective markets.
The future of fintech and regulation
21 April 2017
ASIC Chairman Greg Medcraft addressed the British Australian Fintech Forum 2017 on how ASIC is supporting fintech and innovation while ensuring trust and confidence in the financial sector.
ASIC's regulatory sandbox
19 April 2017
ASIC Commissioner John Price delivered a presentation to the Perth Fintech Meetup on what ASIC is doing in the regtech space, and explained the regulatory sandbox.
New crowd-sourced funding (CSF) website content
3 April 2017
With the crowd-sourced funding (CSF) legislation receiving royal assent last week ASIC has published new website content dedicated to CSF. The CSF regime takes effect from 28 September 2017.
The new webpage includes information about the regime for potential CSF intermediaries and companies that may raise funds through their platforms. The page also provides information on what ASIC will be doing during the next few months in preparation for the regime.
After 28 September 2017 ASIC will be able to accept AFS licence applications forms from entities wanting to providing CSF services.
ASIC extends the relief provided for business introduction services
29 March 2017
ASIC has extended Class Order [CO 02/273] Business introduction or matching services [CO 02/273] for two years. The class order was due to expire (sunset) on 1 April 2017.
[CO 02/273] gives conditional relief from the fundraising, financial product disclosure, hawking and advertising requirements in the Corporations Act (the Act) that would otherwise apply to a person making or calling attention to offers of securities or interests in a registered managed investment scheme through a business introduction service.
Distributed ledger technology (blockchain)
20 March 2017
ASIC has released an information sheet on evaluating distributed ledger technology (DLT), also known as blockchain technology.
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