ASIC releases guidance on regulating digital advice

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ASIC has released its guidance on providing digital financial product advice for retail investors: Providing digital financial product advice to retail clients (RG 255). The guide brings together some of

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31 Aug 2016

Review of Australian equity market cleanliness

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A review by ASIC has found an overall improvement in the measures of cleanliness in the Australian listed equity market over the past decade. Report 487 Review of Australian equity

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10 Aug 2016

ASIC consults on communicating audit findings to directors, audit committees or senior managers

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ASIC yesterday released a consultation paper about it directly communicating specific financial reporting and audit findings identified from ASIC reviews of external audit files to directors, audit committees or senior managers

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26 Jul 2016

ASIC consults on proposed guidance on risk management

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ASIC yesterday released a consultation paper and proposed regulatory guidance on risk management practices for responsible entities in the managed funds sector. Consultation Paper 263 Risk management systems of responsible entities:

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22 Jul 2016

ASIC reports on review of due diligence practices in IPOs

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An ASIC review of issuer due diligence in initial public offerings (IPO), has found a close correlation between defective disclosure in a prospectus and poor due diligence. REP 484 Due

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15 Jul 2016

Transition period for recognised accountants providing SMSF related financial product advice has ended

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On 30 June 2016, the transitional period for recognised accountants who provide self-managed superannuation fund (SMSF) related financial advice ended. Recognised accountants who lodged applications with ASIC between 1 July

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11 Jul 2016

ASIC encourages Indigenous consumers to ‘take a minute with their money’

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To mark NAIDOC Week (3-10 July 2016), ASIC has released a new series of videos designed to help Indigenous consumers with key money decisions. They encourage people to take time

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08 Jul 2016

ASIC warns 185 SMSF auditors to lodge annual statements or their registration will be cancelled

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ASIC is sending a final warning to 185 approved SMSF auditors that their registration will be cancelled if their outstanding annual statements are not lodged with fees paid by 22

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29 Jun 2016

Singaporean and Australian regulators sign agreement to support innovative businesses

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The Monetary Authority of Singapore (MAS) and ASIC have signed an Innovation Functions Co-operation Agreement which aims to help innovative businesses in Singapore and Australia in their foray to the respective

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20 Jun 2016

Limited AFS licensing regime: Transitional arrangements end 30 June 2016

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ASIC has warned that from 1 July 2016, accountants must hold a limited Australian financial services (AFS) licence or be an authorised representative of a licence-holder or licensee in order to

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09 Jun 2016