Search Results for: Australia
ASIC: IronFX corrects disclosure about Australian regulation and counterparty arrangements
December 17th, 2015
The Australian Securities and Investments Commission has issued an announcement to inform that: Following concerns raised by ASIC, retail OTC derivative issuer, IronFX Global Australia Pty Ltd (IronFX Australia) has taken steps to remove references from an associated website ...
ASIC implements clearing regime in Australia for OTC derivatives
December 14th, 2015
ASIC has today released rules implementing Australia’s mandatory central clearing regime for over-the-counter (OTC) derivatives of financial institutions – the ASIC Derivative Transaction Rules (Clearing) 2015 (derivative transaction rules (clearing)) and explanatory statement. The mandatory central clearing regime will ...
ASIC: Etrade Australia Securities Limited pays $65,000
December 9th, 2015
Etrade Australia Securities Limited (Etrade) has paid a penalty of $65,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP). The MDP found it had reason to believe that Etrade had contravened subsection ...
Commonwealth Bank Increases support for Australian leadership in Quantum Computing
December 9th, 2015
Commonwealth Bank has provided in-principle commitment for an additional $10 million to support Australian researchers who are well advanced in their efforts to build the world’s first silicon-based quantum computer in Sydney. CBA welcomes the Australian Government’s decision to ...
ASIC: Australian Investment Exchange Limited pays $130,000
December 9th, 2015
Australian Investment Exchange Limited (AUSIEX) has paid a penalty of $130,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP). The penalty was for AUSIEX: failing to have in place organisational and technical ...
Bitcoin’s Creator Satoshi Nakamoto Is Probably This Unknown Australian Genius
December 9th, 2015
Even as his face towered 10 feet above the crowd at the Bitcoin Investor’s Conference in Las Vegas, Craig Steven Wright was, to most of the audience of crypto and finance geeks, a nobody. The 44-year-old Australian, Skyping into ...
Shell’s Takeover of BG Group Clears Australian Hurdle
November 20th, 2015
Tie-Up’s success hangs on approval from China and Australia’s Foreign Investment Review Board Australia’s antitrust regulator won’t stand in the way of Royal Dutch Shell PLC’s takeover of BG Group PLC, brushing aside its earlier concerns that the tie-up could reduce the supply of natural ...
Australian law firm invests in online disruptor
November 18th, 2015
Rather than seeing legal industry disruptors as a threat, a national firm has decided to invest in one and forge a new partnership. National firm Gilbert + Tobin has invested in online legal services provider LegalVision, providing funding that ...
Australia, Germany Sign New DTA
November 17th, 2015
Australia and Germany have signed a new double tax agreement (DTA) that lowers withholding tax rates on cross-border income and introduces new anti-abuse and prevention of non-taxation rules. The new agreement was signed on November 13 and replaces the ...
CFTC extends conditional relief for Australian-based trading platform Yieldbroker
October 16th, 2015
The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) today announced it has issued a no-action letter extending conditional time-limited relief for Australian-based trading platform Yieldbroker Pty Limited (Yieldbroker). This no-action letter will allow Yieldbroker additional ...
