All posts tagged "compensation"
-
59Australia & NZAFCA to Provide Clarity on New Compensation Scheme
AFCA says it will help to provide clarity on the treatment of complaints about losses arising from financial products and financial advice.
October 23, 2021 -
94ChinaCSRC to Pilot Arbitration System for Capital Market Disputes
Arbitration courts in Beijing, Shanghai and Shenzhen will help to facilitate the resolution of disputes in the securities and futures market.
October 22, 2021 -
106Australia & NZAustralia: Industry Bodies Call for Expansion of CSLR
15 organisations call for the compensation scheme of last resort to include product providers, managed investment schemes and the funeral expenses industry.
October 12, 2021 -
185EnforcementCFTC Penalises Interactive Brokers Over Negative Oil Prices
Interactive Brokers was penalised for not adequately preparing for and configuring its electronic trading system to recognise negative prices on 20 April 2020.
October 3, 2021 -
239EnforcementTaiwan: Revised Financial Consumer Protection Act Take Effect
The amendments raise the limits on compensation that can be awarded in consumer disputes without being subject to appeal.
September 22, 2021 -
201Securities & TradingSEC Committee Endorses Stricter Enforcement of SPAC Rules
The investor advisory committee recommended increased enforcement of existing disclosure rules for SPACs, including in relation to the sponsor's role.
September 14, 2021 -
105Australia & NZAustralia: Industry Bodies Oppose CSLR Draft Legislation
Eight associations say the design of the Compensation Scheme of Last Resort adds unnecessary red tape and significantly increases costs to the financial advice sector.
August 17, 2021 -
275Asia-PacificThailand to Lower Deposit Protection to 1 Million Baht
The maximum threshold of deposit protection will be lowered from 5 million baht to 1 million baht, effective from 11 August.
August 10, 2021 -
298EnforcementTaiwan FSC to Raise Compensation for Automatic Dispute Settlement
The FSC will raise the compensation ceilings under which financial companies have to automatically accept settlement decisions.
August 10, 2021 -
159Australia & NZASIC Issues Update on Compensation Paid for Non-compliant Advice
Australia’s 6 largest FIs have paid over A$1.86 billion to compensate customers for fees-for-no-service misconduct and non-compliant advice.
August 6, 2021
