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New proposed amendments to Competition Act target net-zero claims
New amendments to Bill C-59 introduce a novel misleading advertising provision that targets broad environmental representations, including “net-zero” type claims.
Australia | Publication | March 2020
On 10 March 2020, ASIC published its media release announcing the new regulatory framework for foreign financial services providers (FFSPs) providing financial services to wholesale clients in Australia.
Existing licensing relief has been extended as follows:
As set out in our previous update, the new framework replaces ASIC’s previous licensing exemptions for foreign providers and introduces two new regimes:
The foreign AFS licensing regime commences on 1 April 2020 and allows certain FFSPs that operate in sufficiently equivalent regimes to obtain a new foreign AFS licence.
The funds management relief will be available to foreign providers from 1 April 2022. While this type of relief is not a licence, FFSPs must notify ASIC if they wish to rely on the funds management relief.
We intend to provide you with a more detailed analysis of the updated FFSP regime in due course.
Publication
New amendments to Bill C-59 introduce a novel misleading advertising provision that targets broad environmental representations, including “net-zero” type claims.
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The guide provides the latest legal information on online marketing, workplace privacy, access to data for national security purposes, international data transfers, data localization requirements, and emerging digital and technology issues.
Publication
Real-time market data (RTMD) refers to order and trade information about equity securities distributed immediately after an order has been entered, amended or cancelled or a trade has been executed on a marketplace.
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