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Michael Mavromatis

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Michael advises on legal, compliance and regulatory requirements affecting financial services businesses.  His practice areas include funds management, platforms, superannuation, IDPSs, managed accounts, payments, derivatives, conflicted remuneration and financial services generally.  Michael has previously worked in senior in-house roles across large national and multi-national financial services businesses, including major fund managers and platform providers.

Admitted to Practice

2001

Key Areas of Expertise

  • Funds management
  • Platforms
  • Superannuation
  • Managed accounts
  • Custody and administration
  • Regulatory reporting obligations for financial services providers
  • Outsourcing arrangements
  • General commercial
  • Payments (including purchased payment facilities)
  • Client money rules
  • Derivatives

Career Achievements

  • Directly involved in all stages of the design and development of managed accounts solutions across a number of platforms, including advising on the structuring of those products and all required legal agreements
  • Frequent liaison with regulators, securities exchanges and financial services industry groups, IDPSs, managed accounts and financial services generally
  • Member of the Australian management committee for a foreign financial services provider
  • Implementation of fund manager rebates and rebate frameworks
  • Advising responsible entities, investment managers, platform operators and trustees of superannuation funds on their legal and regulatory obligations

Qualifications

  • Masters in Law (Corporate and Commercial Law)
  • Bachelor of Laws (Hons) with major in Business Law
  • Bachelor of Commerce, with double major in Economics & Finance
  • Graduate Certificate in Applied Finance and Investment

Favourite Quote

“Sometimes you have to create a vision, a path for a vision.  It may not be apparent, and you may have to forge it yourself.  And that will be the way to move your life forward.”  — Herbie Hancock

My Thoughts

FACT SHEET: Top 5 Tips for Preparing Target Market Determinations (TMDs)

01 Mar 2024

The design and distribution obligations (DDO) are designed to ensure that product issuers adopt a consumer-centric approach when designing (and distributing) products. Before distributing a product, a product issuer must make a target market determination…

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What are design and distribution product governance arrangements?

29 Feb 2024

The product design and distribution obligations (DDO) regime, which commenced on 5 October 2021 introduced a new approach to regulation, by moving away from relying on disclosure as the main form of consumer protection and…

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Design and Distribution Obligations – deferred but not forgotten. What do you need to do to prepare for the DDO regime?

23 Dec 2023

The design and distribution obligations (DDO) may have been deferred for six months, but they’re not going away. Product issuers and distributors still need to prepare for the commencement of this regime – now set…

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Finfluencers, referrers and discussing financial products online

08 Aug 2022

In this article, we take a look at the key issues arising when AFS licensees work with referrers and finfluencers to distribute their products or services. Who are referrers and finfluencers? Referrers are known by…

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Update – Recent developments in Open Banking – the Consumer Data Right

08 Jun 2021

Please find our update on Open Banking below, along with details of recent developments and upcoming changes. “Open Banking” is the application of the Consumer Data Right (CDR) in the banking sector and involves the…

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