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Australia's Warning to Finfluencers on Misleading Endorsements

Australian Competition and Consumer Commission will be cracking down on misleading endorsements by social media influencers. The ACCC is reviewing a range of social media platforms. The announcement follows the decision in Australian Securities and Investments Commission v Scholz.
Stephen Jones Tyson Robert Scholz Scholz Instagram Investments Commissionv Scholz No Australian Competition Consumer Commission Financial Services

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Australia Finfluencer Warning and New Trustee Obligations

ASIC warned social media finfluencers they could face imprisonment and fines if they do not obtain an AFSL. APRA released a discussion paper proposing to replace the Prudential Standard SPS 114 Operational Risk Financial Requirement with enhanced obligations for trustees.
Natasha Etschmann Prudential Standard Risk Financial Requirement Australian Securities And Investments Commission Australian Financial Services Licence Australian Prudential Regulation Authority

Guj Morbi bridge collapse: Forensic report reveals major renovation lapses; rusted ropes only repainted, cables not changed

Public Prosecutor has filed a detailed report of the Forensic Science Laboratory (FSL) in a sealed cover on Tuesday late evening before the First Class Judicial Magistrate here.
Jaysukh Patel Oreva Company Forensic Science Lab Forensic Science Laboratory Public Prosecutor Harsendu Panchal First Class Judicial

RIL shareholders to get shares on 1:1 basis in soon to be listed JFSL

The Board of Directors of Reliance Industries Limited (RIL), at its meeting held on Friday, approved a scheme of arrangement among RIL, Reliance Strategic Investments Limited (RSIL) and their respective shareholders and creditors in terms of which, RIL will demerge its financial services undertaking into RSIL (to be renamed Jio Financial Services Limited or JFSL).
Reliance Services Jio Financial Services Reliance Strategic Investments Limited Board Of Directors Reliance Industries Limited Holdings Limited Reliance Industries Limited

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