Financial Services Newsletter – July

Welcome to the latest edition of our Financial Services Compliance Newsletter.

Each month, we provide key regulatory updates, compliance insights, and industry developments impacting the financial services sector. In this issue, some of the key topics include:

• ASIC releases 2025–26 industry funding financial returns and unveils its updated Small Business Strategy.

• The Australian Government launches new guidance on responsible AI use.

• AFCA has been appointed as the sole EDR service for scam prevention.

• ASIC proposes increased NTA requirements for responsible entities of registered managed investment schemes.

• Treasury consults on regulation of Australian accounting, auditing and consulting firms.

• ASIC consults on remaking the qualified accountant legislative instrument.

• ASIC consults on simplifying sell-side research guidance to support capital raising.

• ASIC reminds company auditors of their obligations and signals increased oversight.

• ASIC temporarily suspends an AFSL for audit and financial reporting lodgement failures.

• FSCP cancels a financial adviser’s registration.

Read the full newsletter here.

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This publication has been prepared for general guidance on matters of interest only and does not constitute professional legal advice.  You should not act upon the information contained in this publication without obtaining specific professional legal advice.  No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication and to the extent permitted by law, Cowell Clarke does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting or refraining to act in relation on the information contained in this publication or for any decision based on it.