FSCP sitting panels will comprise an ASIC staff member as chair and at least two external members from the FSCP's pool of industry participants.
August 5, 2022ASIC can issue a warning or reprimand to a financial adviser in circumstances where it does not plan to take stronger enforcement action.
June 13, 2022ASIC 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, 2022Financial advisers providing personal advice to retail clients have to register with ASIC by 1 January 2023. ASIC will also administer the financial adviser exam.
November 7, 2021Streamlining the number of bodies involved in financial adviser oversight will reduce complexity and add value for retail investors, said SAFAA CEO Judith Fox.
December 15, 2020