Version 6 of the MPR comes into effect on 12 April 2021 and can be found here.
To help keep you well informed and ready to integrate these changes into your processes, key changes include, but are not limited to:
- Removal of the ability for a Subscriber to act as an Attorney to Digitally Sign a Registry Instrument or Document (5.6);
- Amendments to the Client Authorisation form in Schedule 4 and an amendment confirming that forms previously signed are not invalidated by the new version of the form (MPR 6.3 and Schedule 4);
- Amendments to right to deal requirements relating to mortgagors (MPR 6.4);
- Amendments to the verification of identity requirements, including clarification of the requirement to re-verify the identity of persons (MPR 6.5);
- Amendments strengthening security requirements around Digital Certificates (MPR 7.5);
- Amendments to security and integrity provisions including cyber security awareness training requirements, and police background checks of Signers or Subscriber Administrator users (MPR 7.2). See below to receive complimentary cyber security training via InfoTrack.
A marked-up Version 6 of the MPR can be found here.
Complimentary Security Awareness Training
InfoTrack has partnered with CryptoAustralia to offer your firm complimentary Cyber Security Awareness Training. This will enable you to meet the cyber security awareness training requirements as per the updated version of the MPR.
To help you protect your firm and your clients, the training focuses on topics including how to identify fraud activity, how to protect yourself from hacking attempts, and what to do if your firm is hacked. The training consists of two 30-minute online presentation modules.
1 CPD unit included with this course.
To register, please click here.