Proposed Australian client money shakeups-an update.

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The Australian Government has moved swiftly forward with its plans to introduce its client money reforms. The reforms were introduced in the nick of time on the last day the Australian Parliament sat for 2016.

In November 2016, after extensive consultation with the industry, the Government announced its intention to introduce reforms to retail OTC derivatives. The announcement drew concern from some industry players. However the reforms are welcomed by those who see a need for greater protection for retail investors in the retail OTC derivatives market.

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