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Financial services monthly wrap up April 2019



Australia Publication April 2019

The month of April 2019 has seen an increase in the powers and responsibilities of both ASIC and APRA, with the passing of the anticipated Design and Distribution Obligations and Product Intervention Powers legislation and the Improving Accountability and Member Outcomes in Superannuation legislation.

Furthermore, ASIC has reissued its guidance on the relief currently available to foreign financial service providers and published its findings on the crowd-sourced funding and marketplace lending sectors.

More information on these developments, as well as other industry news, is set out below.

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