Australia to Implement New copyright Licensing Regulations for Enhanced Oversight

This blog discusses Australia’s upcoming copyright licensing regulations, aimed at bringing more oversight to the fast-growing copyright industry. The Australian Securities and Investments Commission (ASIC) will require copyright firms to obtain a financial services license under the Corporations Act.

Key highlights:

 

1. copyright Assets Classification: Many copyright assets will be classified as financial products, requiring firms to hold appropriate licenses. ASIC plans to issue new draft guidance soon, with input from the industry.

 

1. Protecting copyright Investors: With millions of Australians invested in copyright, ASIC aims to ensure they have access to important consumer protections.

 

1. Reducing Consumer Risks: The new rules aim to mitigate risks and boost market confidence. ASIC’s increasing regulation will reshape Australia’s copyright landscape, including actions against companies like copyright and ASX for past missteps.

 

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