In addition to your “business as usual” tasks and your reporting obligations, you need to find time to monitor regulatory changes and plan for them.

Here’s a snapshot of what’s coming up (that have been passed or announced) in the first 6 months of 2020.

UPDATE: May 2020 changes

All of these changes will affect your internal systems and processes. Some, like open banking, will have major technological changes.

And the rest of 2020 and 2021 will have more changes as the Financial Services Royal Commission recommendations and the new product design and distribution obligations are implemented.

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Author: David Jacobson
Principal, Bright Corporate Law
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About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.