ASIC calls for expressions of interest for membership of Financial Services and Credit Panel

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The Australian Securities and Investments Commission is calling for expressions of interest from financial services and consumer credit industry participants who are interested in becoming members of the new ASIC

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15 Aug 2017

ASIC extends partnership for digital investigation and analytics software

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The Australian Securities and Investments Commission has extended its partnership with Australian software company Nuix following a competitive tender process. The new contract forms part of ASIC’s expanding analytics and

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08 Aug 2017

ASIC targets unlicensed binary option mobile apps

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In March 2017, ASIC conducted a review of various mobile app stores focusing on apps associated with binary options trading. The review highlighted over 330 apps which were offered to

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03 Aug 2017

ASIC reports on Australian bank audits following Wells Fargo misconduct

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ASIC yesterday outlined the results of audits conducted by eight banks in Australia following the regulatory action taken in the United States against Wells Fargo Bank, N.A. (Wells Fargo) in

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02 Aug 2017

Abu Dhabi and Australia seal agreement on fintech cooperation

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The Abu Dhabi Global Market (‘ADGM’) Financial Services Regulatory Authority (‘FSRA’) and ASIC today signed a Cooperation Agreement which provides a framework for cooperation to support and understand financial innovation

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28 Jul 2017

ASIC consults on revised licence regime for domestic and overseas market operators

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ASIC is consulting on proposals to refine and update ASIC’s regulatory guidance on the licensing regime for financial markets. Consultation Paper 293 Revising the market licence regime for domestic and overseas

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24 Jul 2017

ASIC checks on limited AFS licence experience

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ASIC visited twenty limited Australian Financial Services (AFS) licensees during 2016 – 2017 to assess how they were operating under their new licences and to discuss and promote compliance with

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19 Jul 2017

ASIC consults on proposed financial benchmark regulatory regime

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ASIC is seeking feedback on proposed ASIC rules for the administration of licensed financial benchmarks and regulatory guidance on how we would administer the proposed financial benchmark regulatory regime. The

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18 Jul 2017

ASIC consults on new client money reporting rules

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ASIC has released a consultation paper proposing to make new client money reporting rules (client money rules) for Australian financial services (AFS) licensees that hold ‘derivative retail client money’ within

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12 Jul 2017

ASIC takes action over misuse of ‘sophisticated investor’ certificates

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ASIC is concerned that some accountants may be harming retail investors by inappropriately providing ‘sophisticated investor’ certificates. In general, companies raising money by offering shares to retail investors must give

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10 Jul 2017