ASIC and APRA issue final rules and information for the Financial Accountability Regime

From

The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have published new information to help insurers and superannuation trustees prepare for the commencement of the... Read more continue reading

Investment Trends research helps trustees address APRA’s call for enhanced super fund strategies 

From

Investment Trends, a leading financial services research firm, responds to APRA’s recent industry update on the retirement income covenant implementation by offering critical insights from its latest Super Member Engagement... Read more continue reading

Super trustees urged to strengthen oversight of retirement strategy implementation

From

The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) are calling on superannuation trustees to boost efforts to track and measure the impact of their... Read more continue reading

ASIC approves enhanced Banking Code of Practice

From

ASIC has approved a new version of the Australian Banking Association’s (ABA) Banking Code of Practice, which includes enhancements to key protections. The new Code will commence on 28 February... Read more continue reading

ASIC calls on market intermediaries to strengthen supervision of business communications

From

ASIC is calling on market intermediaries to strengthen their supervisory arrangements for recording and monitoring representatives’ business communications to prevent, detect and promptly address misconduct and contraventions of financial services... Read more continue reading

ASIC may use AI to help with financial advice compliance monitoring

From

Financial technology firm Padua predicts the corporate regulator ASIC could eventually use artificial intelligence (AI) in its compliance and audit checks of financial advisers as the use of AI applications... Read more continue reading

This year’s Budget is more about what isn’t included, not what is: FAAA

From

Calls by the FAAA to fix the problems with the CSLR, ASIC funding levy, the financial advice exam cost and ATO portal access have been ignored in this year’s Federal... Read more continue reading

ASIC calls on super trustees to improve gatekeeping of member savings

From

ASIC is calling on superannuation trustees to renew efforts to protect members from unscrupulous operators amid evidence of inadequate oversight of advice fee deductions. A newly published ASIC report outlines key findings... Read more continue reading

CPD: Sophisticated and Wholesale investors – changes coming in 2024

From

One of the most topical conversations around financial consumer protections is the forthcoming changes to the Sophisticated Investor Test. The subject of much scrutiny and debate since its introduction in... Read more continue reading

Artificial Intelligence and other ESG regulation is on the way

From

The launch of ChatGPT has led to heightened investor attention on generative AI over the past year and pushed AI regulation into the spotlight for governments around the world, notes... Read more continue reading