ASIC targets misconduct in superannuation sector

From

ASIC will look to take strong, targeted enforcement action in the coming months and into 2024, as part of its focus on member outcomes in the superannuation sector. The enforcement

continue reading
17 Nov 2023

ASIC calls for greater organisational vigilance to combat cyber threats

From

ASIC calls on organisations to prioritise their cyber security after its report into the cyber capability of corporate Australia identified significant gaps. The report summarises the results of ASIC’s recent

continue reading
14 Nov 2023

ASIC releases new alert list highlighting suspicious investment opportunities

From

ASIC has strengthened its scam prevention tools to support consumers with the publication of a new investor alert list[1]. Consumers can use this list to help inform themselves as to

continue reading
09 Nov 2023

ASIC releases second publication on insights from the reportable situations regime

From

ASIC has released its second publication on information lodged under the reportable situations regime. Over 16,000 reports were made to ASIC by financial services and credit licensees under the regime

continue reading
01 Nov 2023

ASIC launches consumer awareness campaign – ‘Don’t get burnt by hype’

From

ASIC has launched a consumer campaign to raise awareness of the risk associated with investment hype to coincide with the Australian release of Dumb Money, a new film about the

continue reading
27 Oct 2023

APRA and ASIC commence joint administration of the new Financial Accountability Regime

From

The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have published an information package to support the financial services industry in implementing the Financial Accountability

continue reading
04 Oct 2023

Licensing and professional registration activities – 2023 ASIC update

From

ASIC has released its annual licensing report today. Report 772 Licensing and professional registration activities: 2023 update (REP 772) outlines ASIC’s licensing and professional registration activities, discusses new and proposed changes

continue reading
25 Sep 2023

ASIC issues new legislative instruments for financial resource requirements and platforms

From

ASIC has released four new legislative instruments and updated its guidance regarding the financial resource requirements that apply to some categories of Australian financial services licensees and platforms. The new

continue reading
08 Sep 2023

ASIC focuses on protecting vulnerable consumers and small businesses in 2023-24

From

ASIC will take further enforcement action to protect Australian consumers and small businesses in an environment where scams, digitally-enabled misconduct and predatory lending practices are increasingly prevalent. Releasing ASIC’s latest Corporate

continue reading
29 Aug 2023

ASIC welcomes appointment of three Commissioners

From

ASIC Chair Joe Longo has welcomed the Treasurer’s appointment of three new Commissioners to ASIC. The Treasurer has announced the appointment of Ms Katherine O’Rourke, currently a First Assistant Secretary at Treasury,

continue reading
28 Aug 2023