Discusses new Fit & Proper Person test. How is it different from Good Fame & Character? What if I have an AFSL? Key takeouts.
This article focuses on the newly introduced ban on conflicted remuneration for mortgage brokers and mortgage intermediaries.
Links to media releases, in practice & courts, cases & laws relating to superannuation, funds management & financial services.
The Product Intervention Power enables ASIC to make an order when a product could result in significant consumer detriment.
For a preference to be 'from the Company', then the receipt of it by the creditor should diminish the company assets.
The ASX has extended its extra placement allowance until 30 November 2020, but with some important clarifications.
Regulatory Guide 132 explores an effective compliance management system for a fund manager under financial services laws.
In Séquestre de Média5 Corporation, 2020 QCCA 943 (« Media5 »), the Quebec Court of Appeal unanimously held that, in order bring a motion for the appointment of a receiver under s.243...
Norton Rose Fulbright Canada LLP
The Office of the Superintendent of Financial Institutions (OSFI) has recently issued a ruling regarding the regulatory treatment of Limited Recourse Capital Notes
Borden Ladner Gervais LLP
Since our previous bulletin, the Canada Revenue Agency (the CRA) has made further updates to Canada's implementation of the Foreign Account Tax Compliance Act (FATCA)...
On Saturday, Guernsey reached the milestone of 100 days with no new confirmed cases of Covid-19 within its Bailiwick.
As we emerge into a post-pandemic world every industry will need to take stock, evaluating the changes that are here to stay and the adaptations we need to make to suit the new environment.
The States of Guernsey has adopted regulations permitting foreign limited partnerships to migrate or continue into Guernsey using the statutory migration process set out in the Limited Partnerships...
In a significant shift in its lending norms, the Reserve Bank of India (the "RBI") on August 06, 2020 has announced that going forward, start-ups will be included in Priority Sector Lending...
As we are midway through 2019, the Indian economy despite landslide election victory by the National Democratic Alliance has challenges.
J. Sagar Associates
The RBI has released several notifications in relation to payment systems for compliance purposes. These notifications included the following
J. Sagar Associates
RBI releases direction that impose conditions to Banks
and NBFCs lending through digital lending platforms
BDO India LLP
The RBI vide its circular dated 22 May 2020 has announced that due to disruptions on account of COVID-19, an additional period of 3 months will be allowed to FPIs to invest at least 75% of their Common Portfolio Size.
The Prudential Framework provides for recognising incipient stress in loan accounts and a principle-based resolution framework for addressing such defaults in a normal scenario.
KS Legal & Associates
Special Purpose Vehicles a catchphrase during the financial crisis of 2008 has assumed centre stage as companies and financial institutions scramble for monies in a contracted economy in the wake of the COVID-19 pandemic.