SuperStream & Stronger Super – the technology impact of regulatory change
26 September 2011
The superannuation industry in Australia is characterised by continuous change. Over the years funds have adapted to accommodate (then abolish) Reasonable Benefit Limits (RBL), Contribution Surcharge and Simpler Super within Australia, as well as to accommodate international issues such as Sarbanes Oxley and Anti-Money Laundering (AML), and we wait with baited breath for the potential... MORE
Posted in: Legislation, Technology
Globalisation of the funds industry has become an increasingly hot topic amongst transfer agents, with an escalating need to manage multiple currencies and multiple time zones. Global custody provision is not a new practice, and this model is extending rapidly to transfer agency service provision. As the sector consolidates its platforms, there is an increasing... 
On 9 August 2011 the New Zealand Ministry of Economic Development (MED) issued the draft Financial Markets Conduct Bill. In his press release the Commerce Minister, Simon Power, described the bill as a “once-in-a-generation opportunity to re-write our securities law”. Submissions on the proposed legislation are due to the MED by 6 September 2011, and the...