Commissioner Sean Hughes to depart ASIC

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ASIC Commissioner Sean Hughes will end his term as Commissioner on 3 February 2023, after accepting a role in the commercial sector. ASIC Chair Joe Longo said ‘We are grateful

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19 Jan 2023

Financial adviser registration delayed

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On Tuesday, 1 November 2022, the Assistant Treasurer and Minister for Financial Services announced a six-month delay to the requirement to register financial advisers with ASIC (see Delay to financial adviser

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07 Nov 2022

ASIC announces Enforcement Priorities for 2023

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ASIC has announced its Enforcement Priorities for 2023, which will include enforcement action on greenwashing and predatory lending, as well as a continuing focus on disrupting investment scams. ASIC Deputy Chair

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04 Nov 2022

ASIC welcomes industry consultation on market resilience

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ASIC has welcomed market operator ASX’s latest industry consultation on improving market resilience. ASX has released its second consultation paper (CP 2) in response to ASIC Report 708 ‘ASIC’s expectation for industry

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02 Nov 2022

ASIC reports on practices in wholesale financial markets

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ASIC has released two reports on better and poorer practices in wholesale financial markets and encourages participants in these markets to benchmark themselves against the practices. Report 741 Conduct risk in

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26 Oct 2022

Managed funds industry invited to provide feedback on the Asia Region Funds Passport

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ASIC is inviting the Australian funds management industry to contribute to a review of the Asia Region Funds Passport (ARFP) through a short survey. The ARFP is a multilateral framework

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25 Oct 2022

Licensing and professional registration activities – 2022 update

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ASIC has released its annual licensing report. Report 738 Licensing and professional registration activities: 2022 update (REP 738) outlines ASIC’s licensing and professional registration activities, discusses new and proposed changes to our

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05 Oct 2022

ASIC signs Consultation Agreement with Financial Markets Standards Board

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ASIC has signed a Consultation Agreement (Agreement) with the Financial Markets Standards Board (FMSB) to promote global standards for fair and effective wholesale financial markets. The Agreement formalises ASIC’s active

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30 Sep 2022

ASIC helps insurers to respond to family violence

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ASIC has granted relief to exempt insurers from providing certain notifications where doing so creates risks of family violence. The relief is outlined in the legislative instrument, ASIC Corporations (Cash Settlement

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30 Sep 2022

ASIC publishes updated and expanded remediation guidance

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Over the past six years ASIC has overseen at least $5.6 billion in remediation for an estimated seven million Australian consumers for failures identified across the financial system. Around a

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29 Sep 2022