ASIC releases market integrity report

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ASIC has released its latest report on market integrity for the period 1 January to 30 June 2017. The report covers ASIC’s work to help ensure Australia’s financial markets operate... Read more continue reading

ASIC extends time for expressions of interest for membership of Financial Services and Credit Panel

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The Australian Securities and Investments Commission has extended, to 14 September 2017, the time for expressions of interest from financial services and consumer credit industry participants who are interested in... Read more continue reading

ASIC reports on how investors decide to invest in IPOs

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Based on recent research, ASIC reports that prospectuses are important for investors in considering an investment in an IPO  but there is scope for improvement in the usability and credibility... Read more continue reading

The danger of a knee-jerk reaction to regulatory reform

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The hot issue for many advisers right now is what they need to do to adjust for incoming regulatory reform…again…and the focus is almost always upon the short term.  Knee-jerk... Read more continue reading

Professional indemnity insurance review completed

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A targeted review of professional indemnity (PI) insurance by ASIC has found that most small companies holding Australian financial services (AFS) licences had PI insurance that met regulatory requirements. We found,... Read more continue reading

Super fees set to become more transparent and easier to understand

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From 30 September there will be significant changes to the way superannuation and managed investment funds disclose the fees and charges that affect consumers. The new requirement follows the Australian... Read more continue reading

Big four banks change loan contracts to eliminate unfair terms

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Following a commitment to further review their small business loan contracts, the big four banks have now agreed to specific changes with ASIC to eliminate unfair terms from their contracts.... Read more continue reading

ASIC consults on reforms to add-on insurance sales to drive better outcomes for consumers

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ASIC has released a consultation paper seeking feedback on proposals to reform the sale of add-on insurance and warranties through car dealerships. The consultation paper proposes: A deferred sales model:... Read more continue reading

ASIC announces regtech showcase event

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ASIC has announced that it will hold a showcase event on regulatory technology (regtech) on 18 September 2017 in Sydney. With regtech at the top of the minds of both regulators and... Read more continue reading

Australian consumers should expect benefits as seen overseas in light of APRA’s proposal to ease barriers to enter banking sector

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Temenos (SIX: TEMN), the software specialist for banking and finance, welcomes Australian Prudential Regulation Authority’s (APRA) proposed revisions to the licensing framework for authorised deposit-taking institutions (ADIs) to make it... Read more continue reading