ASIC to help industry implement Stronger Super

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ASIC has announced initiatives to help industry understand their regulatory obligations under the Stronger Super reforms. This follows the recent release of exposure draft legislation on the reforms. ASIC’s announcement includes:

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Applying for an Australian financial services licence made easier

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Applying for an Australian financial services (AFS) licence will be more efficient and involve less paperwork following changes announced by ASIC. Revisions to ASIC’s regulatory guidance for AFS licence applicants

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ASIC highlights concerns in money handling

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An ASIC review of client money handling and reconciliation practices has shown non-compliance by a number of issuers of over-the-counter contracts for difference (CFDs) and margin FX derivatives. ASIC is

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ASIC releases exchange traded funds report

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ASIC has released a report on exchange traded funds (ETFs) which outlines how this growing industry is regulated in Australia and the impact of proposed international principles to address concerns by

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ASIC improves disclosure of unlisted property scheme risks

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ASIC has introduced a new disclosure principle and six new disclosure benchmarks for unlisted property schemes to improve investors’ awareness of the risks of investing in these products. Regulatory Guide 46

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