Author Archives: ETE

Consumers are being urged to avoid a post-Christmas spending hangover as new research from ASIC’s Moneysmart reveals Aussies will spend on average almost $800 each to fund gifts, holidays and celebrations. The research reveals 74% of people set a budget for Christmas but more than four in ten (44%) have regretted their spending in previous […]

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published its latest edition of the Spotlight on Markets Newsletter. Your one-stop-shop in the world of EU financial markets features ESMA’s high-level conference “Shaping the future of EU capital markets”. The event will take place in Paris on 5 February 2025 and aims to […]

Our response to the Supreme Court’s decision to hear an appeal on 3 motor finance cases. We welcome the swiftness of the Supreme Court’s decisionLink is external to hear an appeal against the Court of Appeal’s judgment in 3 recent motor finance cases involving Close Brothers and FirstRand Bank. We previously wrote to the Supreme […]

ASIC has commenced legal proceedings in the Supreme Court of NSW seeking leave to allege Regional Express Holdings Limited (administrators appointed) (Rex) engaged in misleading and deceptive conduct and contraventions of continuous disclosure obligations. ASIC will also allege former executive chair Lim Kim Hai (Mr Lim) was involved in Rex’s continuous disclosure breach and that […]

The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today published joint Guidelines intended to facilitate consistency in the regulatory classification of crypto-assets under MiCAR. The Guidelines include a standardised test to promote a common approach to classification as well as templates market participants should use when communicating to supervisors the regulatory […]

ESMA’s aim for this event is to discuss priority areas for the coming years to ensure the success of the Savings and Investments Union (SIU) for EU citizens and businesses. The conference will build on the ESMA Position Paper on “Building more effective and attractive capital markets in the EU”, where ESMA provided recommendations on […]

ASIC has accepted a Court Enforceable Undertaking (CEU) from Northern Territory-based pawnbroking business Lend NT Pty Ltd and its sole director Laddawan Te Maro after investigating concerns Lend NT was engaging in unlicensed credit. Lend NT and Ms Te Maro admitted that Lend NT contravened sections 29 and 32 of the National Credit Act by […]

The 7th annual Energy Trading Enforcement Forum (ETEF), held on the 3 December 2024 in Ljubljana, brought together over 75 participants from the EU Agency for the Cooperation of Energy Regulators (ACER), the European Securities and Markets Authority (ESMA), energy National Regulatory Authorities (NRAs), and financial National Conduct Authorities (NCAs) to enhance regulatory cooperation in […]

We announced a package of measures a year ago to improve trust in and transparency of sustainable investment products. We know many consumers care about investing in products that have a positive impact on the planet and people. Results from our Financial Lives survey show that 81% of adults would like their investments to do […]

ASIC has banned SA based former financial adviser Bruce Stuart Davis from providing financial services, controlling an entity that carries on a financial services business or performing any function involved in the carrying on of a financial services business. Mr Davis was the sole director, responsible manager, and financial adviser of AFS Licensee, Wise Investment […]