Funds management & FSR

As advisers to the Australian financial services industry, our success is best demonstrated by the long-standing relationships we maintain with many of Australia's leading corporate entities and financial institutions. We include one of Australia's pillar banks as a foundation client, having advised this institution across a myriad of banking and finance issues for more than 100 years.

We offer clients particular expertise in Financial Services Reform (FSR) having advised fund managers, stockbrokers, custodians, financial institutions, derivative dealers and other participants in the financial services industry on all aspects of FSR in Australia, including:

  • obtaining and varying Australian financial services licences
  • the distribution of financial products, including advising on referral arrangements and CAR (corporate authorised representative) agreements
  • establishment of wholesale and retail funds
  • wealth management solutions such as MDAs (managed discretionary accounts)
  • preparation of product disclosure statements and information memoranda for financial products such as deposit products, managed funds, futures, options and contracts for difference (CFDs)
  • advising foreign financial services providers on doing business in Australia and the availability of exemptions from financial services licensing regulations.

Credentials

Leading international fund manager: We act for a leading international fund manager with funds under management exceeding $300 billion.  Michael Hodgson’s in-depth knowledge of this client, gained from acting as their trusted advisor for over 15 years, enables us to provide commercial, tailored advice on all aspects of their Australian operation, including fund establishment, institutional mandates and compliance.

Derivatives managed discretionary account (MDA) operator: We recently advised an MDA operator that was subject to an ASIC compliance review.  Our advice resulted in significant improvements to our client’s compliance procedures and customer documentation, as well as addressing ASIC’s concerns.

Shaw Stockbroking: Our knowledge of the financial services industry, combined with technical expertise, means that our advice to this leading full service stockbroker on FSR and securities regulation issues is valuable to them and relevant to their needs.

Contacts
Senior Associate
T +61 2 8233 9754
 
Recent News and Publications
20 Oct 2017
Earlier this year, the Federal Government announced that it would introduce a new external dispute resolution framework for the banking and finance sector through the establishment of a 'one-stop shop' for all financial complaints, the Australian Financial Complaints Authority (AFCA).
09 Aug 2017
The July 2017 edition of the Financial Services Newsletter (a LexisNexis publication) contains an article by John Stragalinos entitled ‘Insolvent trading – safe harbour is on the way but what should directors do today if faced with financial difficulty?’
08 Aug 2017
Electronic conveyancing commenced in NSW in 2013, allowing (but not requiring) lenders to electronically lodge mortgages and discharges of mortgages through Property Exchange Australia (PEXA).