James De Szell (AU)

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It is an exciting time for Australian equity market participants with a new crowd-sourced funding (CSF) regime due to commence on Friday 29 September 2017.  CSF, in essence, involves raising funds, usually through an online intermediary, from a large number of people who each make relatively small financial contributions. Australia’s new regime, introduced in Pt 6D.3A of the Corporations Act 2001 (Cth), provides a regulatory framework to enable CSF. Initially the CSF regime will only…
Encouraging innovation in financial services has been a key policy initiative of the Federal Government in recent times. In its May budget, the Treasurer announced a plan to create a technologically driven and innovation-based economy. The Australian corporate and conduct regulator, ASIC, has driven this commitment to innovation. In April 2015, it established its ‘Innovation Hub’ to assist FinTech start-ups to navigate the regulatory framework. The measures included: engagement with other FinTech industry initiatives; informal…