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 scores silver in Workplace Giving Awards 2016

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ASIC’s workplace giving program has been awarded a silver medal in the inaugural Workplace Giving Excellence Awards in Melbourne yesterday. The awards are part of the Australian Charities’ Fund One

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Innovation Hub: Regulatory sandbox proposal

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ASIC has provided a further update on its Innovation Hub (see 15-211MR for our previous update). ASIC’s Innovation Hub has now been operating for just over a year and is continuing

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ASIC consults on proposed guidance about ‘robo-advice’

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ASIC yesterday released a consultation paper and a draft Regulatory Guide on regulating digital financial product advice (also commonly known as robo-advice). ASIC Commissioner John Price said, ‘ASIC is keen to

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New digital disclosure measures to enhance consumer understanding and cut red tape

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ASIC is making it easier for businesses to communicate important information to financial services consumers. ASIC has released new guidance and waivers to further facilitate businesses providing disclosures through digital

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ASIC proposes to cut red tape and encourage more electronic disclosure

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ASIC is seeking feedback on proposals to make it easier for businesses to deliver financial services disclosures electronically while preserving choice for consumers. Our proposals also encourage the use of

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ASIC and AFSA announce refreshed memorandum of understanding

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Australian Financial Security Authority’s Chief Executive Veronique Ingram and Commissioner John Price of the Australian Securities and Investments Commission (ASIC) have announced the release of a new Memorandum of Understanding

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ASIC releases report on emerging market issuers

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Following the high profile collapse of some emerging market issuers overseas ASIC has undertaken a review of these types of entities here in Australia. Our review has not identified at

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ASIC continues crackdown on hybrids

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Following recent ASIC action, we have seen an improvement in the disclosure of the risks of hybrids. But there is still work to be done to make sure these complex

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ASIC consults on reforms to regulation of the debenture sector

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ASIC has put forward a number of proposals to strengthen the regulation of the debenture sector, including introducing minimum capital and liquidity requirements. Key points: Debenture sector in the spotlight

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