ASIC consults on ‘sunsetting’ class order about licensing relief for trustees of wholesale equity schemes

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ASIC yesterday released a consultation paper proposing to either remake or repeal ASIC Class Order [CO 07/74] Wholesale equity schemes: Licensing relief for trustees. This is due to expire (‘sunset’)

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ASIC’s Enforcement Report highlights key outcomes from the second half of 2016

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ASIC yesterday released its enforcement report for the period 1 July 2016 to 31 December 2016. ASIC’s enforcement results over the six-month period include: The report also covers ASIC’s key

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ASIC updates its guidance on fee disclosure statements

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ASIC has released an updated Regulatory Guide 245 Fee disclosure statements (RG 245) to reflect regulatory and legislative changes since the guide was first published, including revisions to the Future

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ASIC consults on ‘sunsetting’ class order about reporting requirements for Australian financial services licensees who are natural persons

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ASIC has released a consultation paper proposing to remake ASIC Class Order [CO 03/748] Reporting requirements under s989B. This is due to expire (‘sunset’) on 1 October 2017. This instrument grants

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The Hon. Kelly O’Dwyer MP launches Financial Literacy Annual Highlights Report

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The Minister for Revenue and Financial Services, the Hon. Kelly O’Dwyer MP yesterday launched the National Financial Literacy Strategy Annual Highlights Report 2015-16 at an event at Parliament House in Canberra.

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ASIC launches First Business App to help young people starting a small business

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ASIC Chairman, Greg Medcraft yesterday launched a new free mobile app – First Business by ASIC’s MoneySmart – to support young Australians starting a small business. First Business was developed by

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ASIC consults on consolidating ASIC market integrity rules

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ASIC has released a consultation paper proposing to consolidate and clarify Australia’s market integrity rules. There are currently 14 market integrity rule books that set out obligations and prohibitions applying

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Superannuation funds to start disclosing subplan information on websites from 1 July 2017

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ASIC has written to trustees of superannuation funds with employer subplans reminding them of the requirement to publicly disclose transparency information for those subplans from 1 July 2017. The requirement

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ASIC releases world-first licensing exemption for fintech businesses

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ASIC has released class waivers to allow eligible financial technology (fintech) businesses to test certain specified services without holding an Australian financial services or credit licence. ASIC Commissioner John Price

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ASIC reports on decisions to cut red tape – April 2016 to September 2016

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ASIC has released its latest report outlining decisions on relief applications, highlighting ASIC’s efforts to reduce red-tape and achieve a practical, positive outcome for companies seeking some regulatory flexibility. The

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