Financial Services Essentials: Guide to 2021 Legislative & Regulatory Reforms
WEB212N11: Prepare for 2021 by taking a guided tour with Andrea Beatty and Steven Klimt on what 2021 will bring for the financial services sector for credit law. Examine what to expect from legislative changes and new regulatory requirements. Don’t miss this opportunity to catch up on precisely what you need to know about for breach reporting, design and distribution obligations, mortgage broking best interests obligations, add on insurance, point of sale exemption, unfair contracts and more.
Description
Attend and earn 1 CPD unit in Substantive Law
This program is applicable to practitioners from all States & Territories
What Does 2021 Look Like? A Guide to 2021 Legislative & Regulatory Reforms
- Changes to Breach Reporting Obligations and processes: application to credit
- How to get on top of the detail
- Introduction of Design and Distribution Obligations
- The practical considerations
- Implementation of Mortgage Broking Best Interests Obligations and Conflicted Remuneration Prohibitions
- Add on Insurance: Deferred Sales Model and Commission Caps
- Point of Sale Exemption: What is its future?
- Unfair Contract Terms changes: what you might need to do
Presented by Andrea Beatty, Partner, Piper Alderman; Accredited Specialist in Credit Law, in conversation with Steven Klimt, Partner, Clayton Utz
Presenters
Andrea Beatty
Andrea Beatty is a commercial Partner at Piper Alderman focusing on financial services. She is a leading financial services lawyer who has been listed in Australia's Best Lawyers every year since 2012 in the areas of financial institutions and regulatory practice. She has written six editions of the leading consumer law text ‘Annotated National Code’ published by LexisNexis. Andrea advises and represents clients including start-ups, Australian financial services licensees (AFSL) and Australian credit licensees (ACL) on all aspects of financial services regulation and corporate finance including licence applications, regulatory compliance projects and audits, regulatory enforcement defences, and regulator investigations and disputes.
Steven Klimt
Steven has been practising in the retail banking and financial services area for over 30 years. His practice covers documentation, procedures, forms and systems, and financial services regulatory issues including consumer credit, anti-money laundering. payment systems and privacy. His clients include many of Australia's leading financial institutions, Fintechs and finance companies. Steven is a contributing author to the CCH Australian Consumer Credit Law Reporter. He has been ranked in Best Lawyers Australia in Banking and Financial Services and Regulatory Practice for many years.