Update on ASIC’s recent greenwashing actions

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ASIC has released a short report detailing the 35 interventions it has made in response to its greenwashing surveillance activities from 1 July 2022 to 31 March 2023. The report

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11 May 2023

ASIC updates the implementation timeframe for the internal dispute resolution data reporting framework

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ASIC has updated the implementation timeframe of the internal dispute resolution (IDR) data reporting framework to support smooth implementation of this important reform for firms reporting their IDR data for

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08 May 2023

ASIC calls on investment product issuers to ‘lift their game’ on design and distribution obligations

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ASIC has called on investment product issuers to ‘lift their game’ after an initial review found significant room for improvement in how they meet their design and distribution obligations (DDO).

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05 May 2023

ASIC releases updated guidance for licensees on reportable situations

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ASIC has released updated guidance for industry on making notifications to ASIC under the reportable situations regime (formerly breach reporting). The updates to Regulatory Guide 78 Breach reporting by AFS licensees and

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28 Apr 2023

Super trustees told to focus more on their members in communications about performance test failure

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An ASIC review of performance communications by trustees that again failed the annual performance test for MySuper products in 2022 has highlighted that while improvements have been made, some trustees

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13 Apr 2023

ASIC and IOSCO report on combatting retail market misconduct

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The International Organization of Securities Commissions (IOSCO) has today published a report calling for greater international collaboration and cooperation to combat cross-border scams, greenwashing, misconduct, and fraud. ASIC Chair Joe

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03 Apr 2023

Superannuation trustees urged to improve insurance outcomes for members

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Trustees need to continue to focus on improving the life insurance they provide their members. A recent ASIC review highlights areas where trustees should be making meaningful improvements to deliver

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23 Mar 2023

ASIC grants conditional relief to facilitate reissue of certain life insurance policies

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ASIC has provided conditional relief for life insurers from the design and distribution obligations (DDO) when reissuing life insurance policies in certain, limited circumstances. The relief is set out in ASIC

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20 Mar 2023

ASIC to expand enforcement focus areas in the coming year

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ASIC has warned businesses it will be targeting greenwashing, predatory lending and misleading insurance pricing promises this year, as part of a continuing focus on protecting consumers from financial harm.

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16 Feb 2023

ASIC publishes Framework to help deliver positive financial outcomes for First Nations people

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ASIC has published its Indigenous Financial Services Framework (Framework). The Framework is part of ASIC’s role in supporting positive financial outcomes for First Nations people. A cornerstone of ASIC developing

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15 Feb 2023