STRONG FINANCIAL PRODUCT GROWTH IN DECEMBER 2023 QUARTER02 February, 2024
Registrations of financial products in the December quarter of 2023 finished up 7.2 per cent compared to the five-year rolling average for the same period, at 199 product registrations, according to APIR chief executive, Chris Donohoe.
Registrations of financial products in the September quarter of 2023 finished in line with the five-year rolling average for the same period, at 228 product registrations, according to APIR chief executive, Chris Donohoe.Â
The Australian Securities and Investment Commission (ASIC) has signalled its intention to harmonise regulations with internationally accepted standards. The Legal Entity Identifier (LEI) is one element of those standards and, although not currently mandatory in Australia, it is now highly recommended for any legal entity or fund that holds global derivative positions.Â Indeed they will be mandatory for certain transactions and compliance reporting from next year.
APIR Systems (APIR) has observed well above average registrations of new financial products, particularly managed funds and managed accounts, in the year ending 30th June 2023.
After a slow start to the calendar year, robust registrations of financial products during March saw the first quarter of 2023 finish 9 per cent higher than the five-year rolling average for the same period, at 199 product registrations, according to APIR chief executive, Chris Donohoe.Â
The number of unlisted financial products registered in the Australian market during the December 2022 quarter continued its robust growth trend, with product registration levels 13 per cent higher than the five-year rolling average for the same period, at 195, according to APIR chief executive, Chris Donohoe.
The number of unlisted financial products registered in the Australian market during the September quarter continued the strong growth trend, with product registration levels 30 per cent higher than the five-year rolling average for the same period, according to APIR chief executive, Chris Donohoe.
Alternative products were the most popular type of managed investment product registered in the last financial year, according to analysis of product attributes by APIR Systems.
APIR Systems (APIR) has seen another significant increase in the number of new financial product registrations in the year ending 30 June 2022.
A new consultation paper by the Australian Securities and Investments Commission (ASIC) will facilitate increased global regulatory harmony for Australian derivative transaction reporting through the adoption of international best practice, said APIR Systems chief executive, Chris Donohoe.
Financial product registrations surge in March Quarter21 April, 2022
Despite recent reports of falls in fund inflows, the number of unlisted financial products registered in the Australian market during the March quarter continued to surge, with product registration levels significantly higher than for the same period in 2021, according to APIR chief executive, Chris Donohoe.
AFR: CCIV regime presents new investor opportunities30 March, 2022
Aleks VickovichWealth editor
Passing of CCIV legislation strongly supported by APIR11 February, 2022
Comments from APIR chief executive, Chris Donohoe following the passing of legislation for Corporate Collective Investment Vehicles (CCIV) in Federal Parliament
Financial products entering market in droves15 December, 2021
The number of unlisted financial products being registered in the Australian market is increasing year-on-year, with the total number of participants in the APIR coding regime and products registered for the 2020/21 up significantly on the previous year, according to APIR chief executive, Chris Donohoe.
APIR and Objective Keystone align ahead of TMDs08 September, 2021
Financial services utility, APIR Systems, and listed software solutions provider, Objective Keystone, have entered into an integration partnership allowing product issuers to disseminate Target Market Determination (TMD) data and the final TMD PDF through a secure API.
APIR launches insurance product functionality26 August, 2021
Financial services utility APIR Systems has expanded its capabilities to include the Australian insurance sector, with insurers now able to apply for an APIR code for their products.
APIR launches TMD-hosting functionality05 July, 2021
Financial services utility, APIR Systems, has today launched new functionality to provide clients with the ability to store Target Market Determinations (TMDs), ahead of the impending Design and Distribution Obligations (DDO) legislation.
Coding data underscores health of financial sector05 March, 2021
APIR-issued codes take in APIRs as well as Superannuation Product Identifier Number (SPINs) and legal entity identifier (LEIs). They are used by end users, such as platforms, financial planners, managed funds, separately managed accounts (SMAs) and superannuation funds as well as regulatory bodies such as the ATO, to identify assets and enable execution and portfolio valuations. They were introduced in Australia in the mid-1990s and have been issued by APIR since that time.
Innovation in Super case study16 February, 2021
COVID period sparks SMSF interest in OTC derivatives09 September, 2020
A surge in applications for Legal Entity Identifiers in recent months suggests that greater numbers of investors, including SMSFs, are looking to trade in non-exchange-traded instruments such as CFDs and foreign exchange, says an LEI issuer.
LEI growth drives streamlined registration process02 July, 2020
APIR Systems (APIR) is now offering multi-year registrations and renewals in response to the increased demand in Legal Entity Identifiers (LEI).
Business Continuity Update20 March, 2020
20th March 2020
Market turbulence unlikely to impact fund registrations17 March, 2020
Read the original article on FS Managed Accounts.
30 September LEI deadline looms for SMSFs10 September, 2019
With no further extension of relief by the Australian Securities and Investments Commission (ASIC) in sight, the 30 September deadline for legal entities, including self-managed superannuation funds (SMSFs), to obtain a Legal Entity Identifier (LEI) is fast approaching.
APIR enhances its data service functionality15 August, 2019
Wealth management infrastructure provider, APIR Systems, has launched key upgrades to its existing data capabilities by creating more flexible delivery methods and adding a validation service, enabling real-time APIR code authentication.
The new world of securities product identifiers10 June, 2019
APIR Systems, the Australian provider of identification codes for investment products, is experiencing a big increase in demand for its âlegal entity identifiersâ (LEIs), prompted by a new September 30 deadline set by ASIC.
The passing by both Houses of the Bill to introduce the Asia Region Funds Passport (ARFP) is good news for the Australian financial services industry and will play a key role in facilitating growth in the region, says Chris Donohoe, CEO of APIR.
Global investment harmonisation to improve investor outcomes26 April, 2018
The Banking Royal Commission has brought the issue of regulation, and consumer protection, top of mind, but it will be important that any increased regulation that occurs as a result is not out of step with the regulatory developments in the rest of the world, says Mr Chris Donohoe, CEO of APIR Systems.
The release of draft legislation and launch of a pilot program for the Asia Region Funds Passport (ARFP) is a positive step in the initiative to facilitate cross-border distribution of funds between member jurisdictions. Importantly, the Joint Committee is now considering requirements for passported products to ensure that an optimum operating model underpins an efficient regional ecosystem, says Chris Donohoe, CEO of APIR.
Australian financial services entities including funds, brokers/traders and trustees of self-managed superannuation funds may be unable to transact with European counterparties from 3 January 2018 if they don't yet have a Legal Entity Identifier (LEI), says Chris Donohoe, Chief Executive Officer, APIR Systems.