Corporate Advisory and Governance, Financial Services Regulation and Funds Management, Foreign Investment, Financial Services
Lucy regularly advises domestic and international clients on Australian financial services licensing requirements. She has broad experience across related regulatory matters including payments and derivatives regulation, Financial Sector (Collection of Data) Act 2001 (FSCODA) requirements, privacy, cryptocurrency regulation and anti-money laundering and counter-terrorism financing obligations (AML/CTF).
Lucy is regularly engaged to advise clients on emerging regulatory developments, including the AMIT regime, MiFID II, GDPR, design and distribution obligations (DDO), breach reporting, add-on insurance, anti-hawking provisions, digital asset and payment regulation and engages with Australian regulators, including in relation to bespoke licensing relief applications in response to changes to the treatment of foreign financial service providers.
She also has extensive experience advising a diverse range of clients across both private and public sectors, including banks, government agencies, fund managers, and superannuation entities on an expansive range matters relating to fund transactions and investment activities, structured through both domestic and offshore vehicles.
Critical deadline for Australia’s Anti-Money Laundering and Counter-Terrorism Financing
Advising the bank on its Australian custody, administration and registry business, updating their template agreements in line with regulatory developments.
Advising an Australian carbon market financial services licensee as part of a joint venture with an established private equity fund manager to establish one of Australia’s first carbon funds
Providing a large Australian Private Equity, Private Credit and private equity fund manager, with over $3.5 billion AUM, with an independent review of their AML program
Establishment of an ESVCLP/managed investment trust, including regulatory engagement, licensing arrangements and ongoing advice in respect of portfolio investments
Advised on the regulatory implications of proposed payment services (including partnerships with other service providers), involving consideration of ASIC licensing requirements, APRA prudential requirements, and regulatory requirements for the Reserve Bank of Australia.
Advised on the strategic acquisition of a custody and investment administration business from a major Australian bank, providing complex regulatory advice on structuring and existing operations. Engaged with ASIC to secure discrete licensing relief for future operations.
Advised a digital art platform on the financial services licensing requirements associated with the creation, sale, and commercialisation of non-fungible tokens (NFTs), ensuring compliance with Australian financial services laws.
Advised on the acquisition of investment management rights from Macquarie Asset Management Holdings, including the transfer of investment management rights for one wholesale scheme, five retail managed investment schemes, and multiple wholesale investment mandates.
