Page 17 - Prudential Standard News Today : Breaking News, Live Updates & Top Stories | Vimarsana

This edition of the Update covers: Recent legal and regulatory developments, including the release of APRA's policy and supervision priorities for 2021, the launch of APRA's Cyber Security Strategy 2020 – 2024, Australian regulatory support for the ISDA IBOR Fallbacks Protocol and Supplement, and Australia's renewed focus on sanctions; Two recent Federal Court decisions which support ASIC's position on obligations to comply with ASIC notices and to substantiate any claims for legal professional privilege; The continuing fallout of the Financial Services Royal Commission and the recent case...

In the media Parliamentary committee questions adviser jail penalty for record-keeping MEDIA – 4 February 2021 – A Parliamentary Committee has questioned why financial advisers should face the risk of five years' jail for record-keeping failures under legislation flowing from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services due to be debated by the Parliament. More... FPA calls for review of unsustainable ASIC levy as the regulator seeks guidance on affordable advice FPA – 3 February 2021 – The FPA has made six recommendations in its Budget S...