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Regulation

regulation

10 April 2019 • By Sarah Simpkins • 1 min read

ASIC considering naming and shaming

ASIC has said it will be revising its criteria for enforcement and considering naming firms it finds engaging in misconduct, in response to the ...

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Financial firms forced to co-operate with AFCA

The government has announced that financial services licence holders will be required to co-operate with the new complaint’s authority in the ...

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ASIC, UK regulator to sign post-Brexit deal

The UK Financial Conduct Authority and ASIC have agreed on two Memoranda of Understanding to ensure there is continuity once the UK leaves the ...

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ASIC super disclosure changes ‘reinforce’ fee opacity

ASIC’s latest proposed changes to superannuation fee disclosure have failed to provide transparency around fees and costs in super funds and managed ...

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Wealth boss questions ASIC’s litigation agenda

A number of industry leaders including a wealth management CEO have debated whether ASIC’s new enforcement approach following the royal commission ...

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Beefing up of regulation a government priority

The government has allocated more than $550 million in the 2019-20 budget to strengthen both ASIC and APRA in response to the Hayne royal commission

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Regulators release ‘world-leading’ life insurance data

APRA and ASIC have published a series of publications and an online tool allowing policyholders to compare life insurers’ performance in handling ...

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Grandfathered commissions to be banned by government

The government has announced regulations requiring advisers to pass to their clients the benefits of any previously grandfathered conflicted ...

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Life insurers acting promptly with code reform

The majority of life insurers have acted within the required timeline on claims, following the overhaul of the Life Insurance Code of Practice ...

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‘Meaningful change is the responsibility of financial institutions’ - ASIC

ASIC has put the onus on the financial institutions to create meaningful change in the industry following a turbulent 2018.  The chair of the ...

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