Financial Services Regulatory and Governance

Our team has a deep understanding of the financial services regulatory environment and is an active participant through involvement in industry working groups. We manage regulatory issues relating to investments and fund operations including Australian foreign investment regulations and financial services regulations in Australia and abroad. We have advised and assisted a large number of financial services clients with their licensing requirements.

Our financial services team includes dedicated specialists in the regulation of the industry. Our expertise stems from dealing with complex issues across the sector from major financial institutions to specialist service providers, as well as active participation in industry forums.

We are experienced in the establishment, licensing, governance and operation of fund managers and responsible entities, platform operators, superannuation trustees and funds, authorised deposit taking institutions (ADIs), insurance companies, reinsurers and their holding companies, and financial planning firms, brokers and agents in Australia. We specialise in transactions affecting the ownership and control of ADI's, insurers, wealth managers and their holding companies, with particular expertise in demutualisation of credit unions, building societies and friendly societies.

We are a leading adviser on the establishment and operation of managed funds, hedge funds, exchange traded funds and prime broker arrangements and all aspects of obtaining and maintaining Australian Financial Services Licences.

MinterEllison has a strong focus on regulatory compliance and change management issues for its clients. We are unique in our develop of practical tools to help our clients manage their regulatory burdens through the development of licensing toolkits, the widely used Disclosure Toolkits and our specialised publications such as Integrated FSR and Integrated AML.

Our team maintains a close connection with regulatory developments affecting the industry and is recognised as a leading contributor on many areas of reform through active participating in industry working groups, making submissions on key areas of concern to the Government and regular dealings with APRA, ASIC, AUSTRAC, Treasury, FIRB and other regulators.

IAG’s CGU and Suncorp’s Vero agreement with NTI to create - Marine Protect: Powered by NTI

Advised CGU Insurance Limited on its agreement with AAI Limited to refer each party's existing marine insurance business to NTI to create Australia’s leading marine insurance specialist – Marine Protect: Powered by NTI. NTI is a joint venture owned and underwritten 50/50 by CGU and AAI.

AMEX acquisition of David Jones' credit card portfolio

Advised American Express on its acquisition of ASX listed David Jones' entire credit card portfolio for $450million and the subsequent issue of co-branded American Express and David Jones credit cards, which transaction was innovative and involved an in depth understanding of associated risks.