ASIC approves enhanced Banking Code of Practice

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ASIC has approved a new version of the Australian Banking Association’s (ABA) Banking Code of Practice, which includes enhancements to key protections. The new Code will commence on 28 February

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Changes to ASIC Executive Leadership Team

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The Australian Securities and Investments Commission has confirmed a number of changes to its senior executive leadership team. Chief Executive Officer ASIC Chair Joe Longo has accepted a request from

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New Commissioners commence at ASIC

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ASIC Chair Joe Longo has welcomed the commencement of new Commissioners Simone Constant and Alan Kirkland, who began their five-year terms yesterday. In August the Treasurer announced the appointment of

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ASIC targets misconduct in superannuation sector

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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

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ASIC calls for greater organisational vigilance to combat cyber threats

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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

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Marketing ESG credentials could be greenwashing even if correctly disclosed

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Even if a fund manager’s formal ESG disclosures are correct, their translation into marketing materials can still trigger greenwashing allegations, says Zenith Investment Partners head of responsible investment and sustainability

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

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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

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ASIC welcomes appointment of three Commissioners

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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,

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ASIC welcomes the establishment of an ASX Advisory Group and the appointment of Alan Cameron AO as Independent Chair

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ASIC Chair Joe Longo has welcomed the establishment of a new Advisory Group to advise ASX Clear and ASX Settlement on strategic clearing and settlement issues. Importantly, this includes input

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ASIC encourages financial industry organisations to help lead through change

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Speech by ASIC Chair Joe Longo at the ISDA/AFMA Forum, 20 June 2023. Introduction: Taking the lead Before I begin, I would like to acknowledge the traditional owners and custodians

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