The Australian Parliament passed the new client money laws in March of this year, requiring segregation of client money in trust accounts by OTC derivative brokers.
Today, the Australian regulator ASIC released a consultation paper proposing reporting requirements to ensure effective enforcement of the new law.
Sophie has worked with some of Australia’s largest financial services organisations in compliance, legal and operational roles. She has also worked with small businesses to provide tailored solutions with a strong understanding of business practicalities as well as obligations to regulators. This strong understanding allows Sophie to effectively engage with not only large financial organisations but also with small businesses. Sophie has an in depth knowledge of compliance and legal obligations for financial services businesses having vast experience in the financial services sector. Sophie continually works with a range of companies in the financial services industry, including OTC derivatives brokers.