Australian Regulator Pushes Final Client Money Rules for 2018

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Australian Regulator Pushes Final Client Money Rules for 2018

Postby kreslik.news » Mon Oct 09, 2017 7:52 am


Starting from next year, brokers in Australia will have to adhere to a new set of client money rules. The main changes to the framework governing the way brokers handle their clients’ funds include a set of record-keeping, reconciliation and reporting obligations.

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The Australian regulator in charge of designing the regulatory framework, the Australian Securities and Investments Commission (ASIC), is focusing on retail brokers. The companies that are holding “derivative client money” as defined in Australian Corporations Act will have until the ... (read more)

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