Publication
UK Carbon Border Adjustment Mechanism: how will it work?
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Australia | Publication | September 21, 2018
ASIC has today extended relief for certain foreign financial services providers (FFSPs) in sufficiently equivalent regulatory regimes from the requirement to hold an Australian financial services licence (AFSL) when providing financial services to wholesale clients.
Relief has been extended on the same terms until 30 September 2019. The extension applies to the ‘limited connection’ relief together with the relief available under:
The extension follows ASIC’s release of a consultation paper in May 2018 (CP 301), which proposed a modified licensing regime and comprehensive review of the relief currently available to FFSPs who provide financial services in Australia. The consultation paper foreshadowed an extension of the relief to 30 September 2019. We expect ASIC to engage with industry on the responses received to CP 301 in the coming months.
The key proposals put forward by ASIC within CP 301 to modify the licensing and relief regime for FFSPs were as follows:
Please contact us if you would like more information on this relief and ASIC’s proposed foreign AFS licensing regime.
Publication
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Publication
International financial markets have started to show significant interest in nature and biodiversity. Whilst climate change and greenhouse gas emissions have made the headlines in recent years, there has been much less focus on their equally important counterparts, nature and biodiversity. However, that has started to change.
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