ASIC calls on preparers to focus on the quality of financial report information

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ASIC has continued to call on companies to focus on giving information for users of financial reports that is useful and meaningful. Announcing its focus areas for 30 June 2017

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02 Jun 2017

ASIC consults on new example Statement of Advice for life insurance

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ASIC has released a consultation paper on a new example Statement of Advice (SOA) for life insurance. Consultation Paper 284 Example Statement of Advice for life insurance: Update to RG

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01 Jun 2017

ASIC proposes next steps on regtech

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ASIC will establish a new regtech industry liaison network, conduct a number of new technology trials using regtech applications and establish a ‘hackathon’ later this year to help identify roadblocks

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29 May 2017

ASIC provides guidance on common issues in registration of managed investment schemes

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ASIC has published a new information sheet to explain the common issues we identify in the content of managed investment scheme (scheme) constitutions during the registration process, and how we

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25 May 2017

Compensation update: major financial advisory institutions continue refund programs for fees-for-no-service

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AMP, ANZ, CBA, NAB and Westpac have so far repaid more than $60 million of an expected $200 million-plus total in refunds and interest for failing to provide general or

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22 May 2017

ASIC warns consumers about investment scams

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During Consumer Fraud Week 2017, ASIC is reminding consumers to protect themselves against investment scams. ASIC Deputy Chairman Peter Kell said, ‘The Targeting Scams report published yesterday by the Australian Competition and

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16 May 2017

Consumers warned about investment scams promising to assist access to trust funds

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ASIC urges the public to be wary of cold callers claiming that their investment proceeds have been stopped by ASIC and are being held for them in a trust. These

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03 May 2017

ASIC signs fintech Cooperation Agreement with OJK to promote innovation in financial services

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The Australian Securities and Investments Commission (ASIC) and Indonesia’s Otoritas Jasa Keuangan (OJK) have entered a Cooperation Agreement to promote innovation in financial services in their respective markets. The agreement,

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24 Apr 2017

ASIC consults on establishing a Financial Services Panel

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ASIC has  released a consultation paper on its proposal to develop and implement a Financial Services Panel (the Panel). The Panel would add a strong element of peer review to

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18 Apr 2017

ASIC releases further report on emerging market issuers

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ASIC published Report 521 Further review of emerging market issuers (REP 521) yesterday, which discusses ASIC’s views on emerging market issuer activity and highlights how ASIC has responded to the key

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07 Apr 2017