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PAGA reform finally on the horizon
California Governor Gavin Newsom announced that legislative leadership, in partnership with business and labor groups, reached an agreement on long-needed reforms to the Private Attorneys General Act.
Australia | Publication | March 2020
On 10 March 2020, ASIC published its media release announcing the new regulatory framework for foreign financial services providers (FFSPs) providing financial services to wholesale clients in Australia.
Existing licensing relief has been extended as follows:
As set out in our previous update, the new framework replaces ASIC’s previous licensing exemptions for foreign providers and introduces two new regimes:
The foreign AFS licensing regime commences on 1 April 2020 and allows certain FFSPs that operate in sufficiently equivalent regimes to obtain a new foreign AFS licence.
The funds management relief will be available to foreign providers from 1 April 2022. While this type of relief is not a licence, FFSPs must notify ASIC if they wish to rely on the funds management relief.
We intend to provide you with a more detailed analysis of the updated FFSP regime in due course.
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California Governor Gavin Newsom announced that legislative leadership, in partnership with business and labor groups, reached an agreement on long-needed reforms to the Private Attorneys General Act.
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Our healthcare lawyers comment on healthcare providers and MCOs that are beginning to experience the financial impacts of the end of continuous Medicaid enrollment and the reductions associated with the enhanced FMAP.
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