Report on competition in the Australian funds management industry released

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ASIC has released a report on the state of competition in Australia’s funds management industry. ASIC commissioned independent research by Deloitte Access Economics (Deloitte) to examine competition between fund managers

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27 Sep 2021

ASIC publishes guidance on hawking reforms

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ASIC has published updated regulatory guidance on the prohibition of hawking financial products. ASIC’s updated regulatory guide (RG 38) reflects the reforms to the anti-hawking regime under the Financial Sector Reform

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24 Sep 2021

Licensing and professional registration activities: 2021 update

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ASIC’s Licensing and professional registration activities: 2021 update (Report 700) outlines key issues, new and proposed changes to our licensing processes, and other work we have undertaken that affects licensees. Between

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17 Sep 2021

ASIC publishes guidance on breach reporting

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ASIC has released regulatory guidance to help credit and Australian Financial Services (AFS) licensees to meet new breach reporting obligations. Set to commence on 1 October 2021, the breach reporting

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08 Sep 2021

Check on superannuation trustee preparedness for new IDR requirements finds more work required

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A recent ASIC survey of registrable superannuation entities (trustees) about their preparedness for the new enforceable internal dispute resolution (IDR) obligations has identified some important areas requiring further work. Following

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03 Sep 2021

ASIC publishes Corporate Plan 2021-25

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ASIC’s Corporate Plan 2021-25[1] outlines our priorities over the next four years to achieve a fair, strong and efficient financial system for all Australians. The Corporate Plan is consistent with

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30 Aug 2021

ASIC’s approach to new laws reforming financial services sector

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Six reforms arising out of recommendations from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (Royal Commission) and other inquiries will commence in October. The

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13 Aug 2021

ASIC releases guidance and customer information requirements to implement the new add-on insurance deferred sales model

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ASIC has released a new regulatory guide and final customer information requirements as part of its work to implement the new deferred sales model for add-on insurance (RG 275). The

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29 Jul 2021

ASIC review finds retail managed funds responded well to COVID-19 challenges in 2020

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An ASIC review of a targeted selection of retail managed funds found that they did not face serious investor liquidity challenges during the height of COVID-19 market disruption, and that

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03 May 2021

ASIC Commission welcomes appointment of new Chair and Deputy Chair

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“On behalf of the ASIC Commission and team I’d like to congratulate Joe Longo on his appointment as the next ASIC Chair and Sarah Court as an additional Deputy Chair”,

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03 May 2021