Publication
Keeping your dawn raid guidance current
Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
Australia | Publication | September 2021
An interim report was released this month, providing preliminary observations on the independent review of the Banking Code of Practice (BCOP). The interim report can be read here.
The BCOP review has received 34 submissions, including one from this firm, and conducted approximately 60 initial consultation meetings with interested parties. We previously considered the recommendations submitted by the Consumers’ Federation of Australia (CFA) in relation to the BCOP review and how it may impact banks moving forward – please see our article here.
The interim report addresses a number of overarching themes and preliminary issues which have emerged from the BCOP review. Of particular interest are:
The ABA has invited comments on any of the matters raised in the interim report by 4 October 2021. The final report is due by the end of November 2021. Where the final report lands on the above issues will be important to many stakeholders – but the real question is whether the final report will satisfy all those stakeholders.
In the meantime, if you would like to know more about the BCOP review and how it could affect your organisation, please contact us.
Publication
Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
Publication
On 26 July 2024, the People’s Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) jointly released revised rules in respect of the investments into China’s financial market through the Qualified Foreign Institutional Investor and Renminbi Qualified Foreign Institutional Investor (collectively, QFII) regime (the New Rules).
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023