Day: December 17, 2024

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is publishing the last package of final reports containing regulatory technical standards and guidelines ahead of the full entry into application of the Markets in Crypto Assets Regulation (MiCA). ESMA has delivered extensive regulatory work over the past 18 months, comprising …

ESMA releases last policy documents to get ready for MiCA Read More »

We welcome the additional clarity the judgment brings to discretionary commission arrangement (DCA) complaints. On 17 December 2024, the High Court found in favour of the Financial Ombudsman ServiceLink is external, in a review of its decision to uphold a complaint relating to a discretionary commission arrangement (DCA) in a motor finance agreement. The Court …

FCA responds to High Court motor finance judicial review decision Read More »

Benjamin Thomas Molloy of Point Cook, Victoria has been convicted of making false statements to ASIC, contrary to sections 1308(1) and 1308(2) of the Corporations Act 2001 (Cth). On 13 December 2024, in the Melbourne Magistrates’ Court, Mr Molloy was sentenced to a recognisance release order under section 20(1)(b) of the Crimes Act 1914 (Cth), …

Former Victorian director charged with making false statements to ASIC Read More »

Former registered liquidator and external administrator Peter Andrew Amos was sentenced on 13 December 2024 in the District Court of NSW to four years imprisonment after pleading guilty to charges of dishonestly using his position with the intention of gaining an advantage for his business and himself contrary to s 184(2)(a) of the Corporations Act …

Former registered liquidator Peter Amos sentenced to prison for dishonest use of position as external administrator Read More »