All posts tagged "consumer harm"
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56Australia & NZASIC 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 -
115Australia & 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 -
66Australia & 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 -
492EnforcementHKMA 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 -
401Fintech / 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 -
671Australia & 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 -
1.6KAustralia & NZ
ASIC Four-year Plan Targets Misconduct, Innovation
In its four year corporate plan, ASIC says it will target misconduct and consumer harm, while also promoting fintech, regtech and suptech innovation.
September 2, 2020 -
3.4KFeatureIOSCO Drafts Guidance on Supervising AI/ML in Financial Markets
IOSCO proposes six measures to assist members in creating appropriate regulatory frameworks to supervise market intermediaries and asset managers that use AI and ML.
June 26, 2020 -
573KoreaFSC Korea Mulls Issuance Limits for Equity-linked Securities
Driven by demand from retail investors for higher yields, some securities firms have been selling ELS products beyond their equity capital.
May 11, 2020
