Consultation on the proposed establishment of a Global Financial Innovation Network

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The Australian Securities and Investments Commission (ASIC) is, in collaboration with 11 international financial regulators, and related organisations, consulting on the proposed creation of the Global Financial Innovation Network (GFIN).

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10 Aug 2018

Update on financial advice institutions’ fees for no service refund programs

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AMP, ANZ, CBA, NAB and Westpac have now paid or offered customers $222.3 million in refunds and interest for failing to provide advice to customers while charging them ongoing advice

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08 Aug 2018

Professional standards reforms for financial advisers – ASIC update

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The Australian Securities and Investments Commission (ASIC) has announced changes to reporting dates for a number of required notifications in the transition to the new financial adviser professional standards reforms.

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03 Aug 2018

ASIC’s review of exchange traded products identifies areas for improvement

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ASIC has completed a review of the exchange traded products (ETP) market in Australia, including exchange traded funds, aimed at ensuring the market is delivering on promises to investors. The

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03 Aug 2018

ASIC updates guidance for funds management industry

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ASIC has released a suite of seven new and updated regulatory guides to provide comprehensive guidance to the funds management industry. The guidance has been updated for changes arising from the

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02 Aug 2018

ASIC approves the Banking Code of Practice

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ASIC has approved the Australian Banking Association’s (ABA’s) new Banking Code of Practice (the Code). ASIC’s approval of the Code follows extensive engagement with the ABA, following a comprehensive independent

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02 Aug 2018

Industry funding: next steps for industry

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Organisations that are regulated by ASIC need to complete their business activity statements before Thursday, 27 September 2018 under the Federal Government’s industry funding arrangements. Industry funding commenced on 1

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27 Jul 2018

External report on fees and costs disclosure welcomed by ASIC

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The Australian Securities and Investments Commission (ASIC) has released the external report into Regulatory Guide 97 Fees and costs disclosure (RG 97) commissioned in November 2017. The report, prepared by expert Darren

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25 Jul 2018

ASIC accepts court enforceable undertaking from CBA

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Commonwealth Bank of Australia (CBA) has entered into a court enforceable undertaking with ASIC in relation to their bank bill trading business and their participation in the setting of the

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12 Jul 2018

New prices for ASIC regulatory services

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The fees ASIC charges for specific regulatory activities have changed to reflect the actual cost to ASIC associated with the work. In most cases this has resulted in a fee

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10 Jul 2018