ASIC proposes that it will generally convene an FSCP sitting panel when misconduct is widespread or part of a growing trend, or where doing so can have deterrence benefits.
March 4, 2022Parliament has passed legislation enabling an ASIC panel to become the sole disciplinary body for financial advisers from January 2022.
October 26, 2021The government is consulting on regulations to support the establishment of the single disciplinary body that will form part of the new regime for financial advisers.
August 11, 2021FASEA's functions will transfer to the Treasury and ASIC. New disciplinary and registration systems for financial advisers will apply from January 2022.
July 1, 2021Rather than conducting two separate reviews, the quality of advice review will also consider the Life Insurance Framework as part of its wider mandate.
May 1, 2021ASIC has clarified its expectations of AFS licensees and financial advisers for compliance with the FASEA code starting from 1 January.
November 28, 2019