All posts tagged "ASIC"
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163Australia & NZASIC Proposes Total Ban on Insurance Sales by Phone
ASIC's ban will protect consumers where sales issues and consumer harm have already been identified, ahead of wider legislative reform by the government.
July 22, 2019 -
518Australia & NZ
ASIC Review Finds Widespread Mis-selling of Consumer Credit Insurance
ASIC plans to take "significant enforcement action" against 11 lenders that inappropriately sold consumer credit insurance, and force remediation of over A$100m.
July 12, 2019 -
419Australia & NZ
ASIC Defends Responsible Lending Guidance
ASIC says the proposed responsible lending guidance is not about increasing requirements; rather, it seeks to clarify and update guidance on existing requirements.
July 11, 2019 -
325Australia & NZ
ASIC to Target Short Term Credit Industry With New Powers
Queensland-based Cigno and its associate, Gold-Silver Standard Finance, are the focus of ASIC's proposed first use of its new product intervention power.
July 10, 2019 -
272Australia & NZ
ASIC Updates Assessment Procedures for AFS Licence Applicants
Licence applicants are now required to provide certain additional information and documents in their application to allow ASIC to ensure responsible officers are of good fame or character.
July 8, 2019 -
423Australia & NZ
ASIC Proposes Licensing Relief for Foreign Funds Managers
ASIC proposes to exempt foreign fund management providers from the requirement to hold an AFS licence to provide services to professional investors in Australia.
July 4, 2019 -
465Australia & NZ
Stronger Whistleblower Protections Take Effect in Australia
The stronger protections for whistleblowers apply to misconduct or an improper state of affairs or circumstances, not just breaches of the law.
July 2, 2019 -
421Australia & NZ
ASIC to Hold Public Hearings on Responsible Lending
The public hearings will provide a "robust and transparent way" to air issues and views raised in written submissions responding to ASIC's February consultation on responsible lending.
July 2, 2019 -
348Australia & NZ
ASIC Approves Updated Banking Code of Practice
ASIC is assessing changes to the Code proposed by the ABA in two stages, the first of which has been approved and is reflected in the latest version which took effect on 1 July.
July 1, 2019 -
562Australia & NZ
ASIC Proposes New Rules for Market Operators, Participants
The proposals seek to ensure resilience of critical systems, reliability of outsourced services, and appropriate management of cyber and data security risks, among other requirements.
July 1, 2019
