ASIC has expanded its consumer remediation guidance to cover all financial services licensees, credit licensees and retirement service providers.
November 18, 2021Licensees should have in place clear, well-understood and documented processes for identifying, recording, assessing, escalating and reporting breaches.
September 8, 2021ASIC will take a 'reasonable approach' to technical or inadvertent breaches, in recognition that six new reforms taking effect in October will present challenges to firms.
August 13, 2021The protocol and guidance will help financial advisers and mortgage brokers comply with new reference checking and information sharing obligations.
July 23, 2021The CSLR will establish an industry-funded compensation mechanism for individuals who have won decisions against insolvent financial firms.
July 21, 2021The draft regulatory guide provides clarification on what constitutes a reportable situation under the upcoming breach reporting reforms.
April 23, 2021The Royal Commission recommended that reference checks be required for individuals seeking to be employed or authorised as a financial adviser or mortgage broker.
November 19, 2020