The FMA and ASIC confirm trans-Tasman collaborative approach to fintech

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The Financial Markets Authority (FMA) and the Australian Securities and Investments Commission (ASIC) have re-affirmed their commitment to collaboration and cooperation on the expanding opportunities in fintech and innovation. The

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20 Oct 2017

ASIC committed to improving the financial capabilities of Australians

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The National Financial Literacy Strategy sets out a plan to strengthen the financial capabilities of all Australians with the aim of improving financial outcomes. A key feature of the National

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17 Oct 2017

ASIC update on interest-only home loans

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ASIC has provided an update on its targeted review of interest only home loans. Announced in April 2017, the review was a targeted industry surveillance examining whether lenders and mortgage

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12 Oct 2017

Industry funding: ASIC publishes estimated regulation costs for 2017-18

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ASIC has released its Cost Recovery Implementation Statement (CRIS), which includes estimated costs for ASIC’s 2017-18 regulatory activities. The CRIS is part of ASIC’s commitment to transparency under industry funding,

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09 Oct 2017

World Investor Week: ASIC’s MoneySmart golden rules to investing

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To mark World Investor Week (2 – 8 October 2017), ASIC is reminding investors to work out their financial goals and develop an investment plan before committing to an investment. ‘Smart investors don’t rely

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04 Oct 2017

ASIC commits to new Action Plan delivering better outcomes for Indigenous Australians

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Consumer issues including car sales, credit and consumer leases headline some of the key priority areas in the National Indigenous Consumer Strategy (NICS) Action Plan 2017–2019. The three year plan

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29 Sep 2017

ASIC remakes relief for financial counselling agencies providing advice or credit assistance

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ASIC has made two new instruments relating to financial counselling agencies to continue the relief provided by class orders that were due to expire (‘sunset’). ASIC has remade: Class Order

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28 Sep 2017

ASIC facilitates crowd-sourced funding by public companies

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The Australian Securities and Investments Commission (ASIC) has released guidance for public companies and crowd-funding platform operators to support them in using the new crowd-sourced funding (CSF) regime, which commences

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22 Sep 2017

ASIC’s 2017-20 data strategy launched

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The Australian Securities and Investments Commission has launched its data strategy for 2017-20. The strategy, which outlines how ASIC will capture, share and use data, will transition ASIC into a more

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20 Sep 2017

Response to feedback on REP 523 ASIC’s Innovation Hub and our approach to regulatory technology

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ASIC last week released its response to industry feedback on ASIC’s Innovation Hub and its approach to regulatory technology. In May ASIC released for consultation Report 523 ASIC’s Innovation Hub and our

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18 Sep 2017