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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About The Author

Victoria Lombardo

Victoria Lombardo

Victoria provides support to our compliance and legal teams and assists our clients with the preparation and collation of documentation required for AFS and credit licence applications. She also supports senior staff by providing assistance to clients with the maintenance of their licences through the preparation of compliance policy documents and ongoing compliance support.