All posts tagged "consumer harm"
-
167Australia & NZASIC Publishes Final Guidance on Anti Hawking Regime
The guidance emphasises the need for firms to maintain records of consumers giving consent to be sold financial products as a way to demonstrate compliance.
September 24, 2021 -
446Fintech / RegtechIOSCO Publishes Final Guidance on Supervising AI/Machine Learning
IOSCO members are encouraged to consider six measures carefully in the context of their legal and regulatory frameworks.
September 8, 2021 -
176Australia & NZ
ASIC Prioritises Economic Recovery in New Corporate Plan
ASIC's key external priorities for the next four years include the economy, innovation, consumer harm, cyber resilience, and industry readiness for regulatory reforms.
August 27, 2021 -
112Australia & NZ
ASIC Appeals Dismissal of Cigno, BHF Solutions Case
ASIC’s appeal seeks judicial clarification on the operation of key obligations under the National Credit Act and National Credit Code.
July 28, 2021 -
221Australia & NZ
ASIC Proposes New Guidance for Crypto-asset ETPs
In ASIC's view, only bitcoin and ether are likely to satisfy proposed criteria for determining whether a crypto-asset is appropriate as an ETP's underlying asset.
July 2, 2021 -
136Australia & NZ
ASIC Issues Guidance on Ongoing Fee Arrangements
A new information sheet provides guidance on ongoing fee arrangements, fee disclosure statements, and ongoing fee consents.
June 17, 2021 -
678EnforcementHKMA Adjusts Scope of Mandatory Reference Checking Regime
The HKMA has adjusted the scope of the regime, shortened the record retention requirement, and lengthened the time allowed to respond to an MRC request.
May 5, 2021 -
562Fintech / RegtechFSC Korea to Create Policy on Use of AI in Financial Services
The policy seeks to improve fairness and transparency, and protect consumers from newly emerging financial crimes.
April 15, 2021 -
1.3KAustralia & NZ
ASIC Seeks Greater Powers to Collect Data from Managed Funds
ASIC's Karen Chester says insolvencies and macro forces could present greater liquidity challenges to fund managers and affect investors' ability to withdraw from funds.
November 21, 2020 -
707Australia & NZ
‘Buy Now Pay Later’ Consumers Suffering Harm: ASIC
About 20% of consumers cut back on or went without essentials such as meals in the last 12 months in order to make their buy now pay later payments.
November 17, 2020
