Industry funding: ASIC publishes estimated regulation costs for 2017-18

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ASIC has released its Cost Recovery Implementation Statement (CRIS), which includes estimated costs for ASIC’s 2017-18 regulatory activities. The CRIS is part of ASIC’s commitment to transparency under industry funding,... Read more continue reading

World Investor Week: ASIC’s MoneySmart golden rules to investing

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To mark World Investor Week (2 – 8 October 2017), ASIC is reminding investors to work out their financial goals and develop an investment plan before committing to an investment. ‘Smart investors don’t rely... Read more continue reading

Global regulation of ICOs

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In the past 2 months, waves of information have rolled in from global regulators about the legal status of ICOs – welcome news to the blockchain community which has been... Read more continue reading

ASIC commits to new Action Plan delivering better outcomes for Indigenous Australians

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Consumer issues including car sales, credit and consumer leases headline some of the key priority areas in the National Indigenous Consumer Strategy (NICS) Action Plan 2017–2019. The three year plan... Read more continue reading

ASIC remakes relief for financial counselling agencies providing advice or credit assistance

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ASIC has made two new instruments relating to financial counselling agencies to continue the relief provided by class orders that were due to expire (‘sunset’). ASIC has remade: Class Order... Read more continue reading

ASIC facilitates crowd-sourced funding by public companies

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The Australian Securities and Investments Commission (ASIC) has released guidance for public companies and crowd-funding platform operators to support them in using the new crowd-sourced funding (CSF) regime, which commences... Read more continue reading

ASIC’s 2017-20 data strategy launched

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The Australian Securities and Investments Commission has launched its data strategy for 2017-20. The strategy, which outlines how ASIC will capture, share and use data, will transition ASIC into a more... Read more continue reading

Response to feedback on REP 523 ASIC’s Innovation Hub and our approach to regulatory technology

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ASIC last week released its response to industry feedback on ASIC’s Innovation Hub and its approach to regulatory technology. In May ASIC released for consultation Report 523 ASIC’s Innovation Hub and our... Read more continue reading

Recruitment choices can affect your compliance

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Employing someone with a conviction or bankruptcy can jeopardise compliance with an Australian Financial Services (AFS) licensee’s obligations. ASIC can ban any person it considers to not be of ‘good... Read more continue reading

Applications for crowd-funding licences open 29 September 2017

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From 29 September 2017, the new crowd-sourced funding (CSF) regime will come into effect and ASIC will begin accepting licence applications from CSF intermediaries. Under the CSF regime, eligible public... Read more continue reading