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Yechiel Belfer

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Yechiel Belfer is a Special Counsel in the Melbourne office. His primary focus is in the regulation of financial services and consumer credit. He has more than 12 years' experience in advising a broad range of clients, ranging from established financial institutions to fintechs, both local and offshore.

New regulations to expand the regulatory sandbox for Fintechs have received royal assent and are set to commence 1 September 2020. The Regulations introduce a sandbox with few restrictions than the exemptions currently available which are stated to encourage and support the design and delivery of new financial services in…

On 12 March 2019, the Treasury Laws Amendment (Strengthening Corporate And Financial Sector Penalties) Act 2019 received assent after passing both houses of Parliament. Commencement of most provisions has occurred. Treasury stated that its intention is to arm our financial services regulators with the powers needed to take strong action…