ASIC says it should not have to oversee remediations in order for consumers to receive fair and timely outcomes.
September 28, 2022Responsible entities and trustees voluntarily took action once ASIC expressed concerns over their funds' marketing materials.
September 12, 2022Since it came into effect, the ban has been "fully effective" in preventing retail clients from losing money trading binary options in Australia, ASIC said.
September 6, 2022Three firms are required to temporarily stop offering their products to consumers due to deficiencies in their target market determinations.
August 1, 2022Being ‘true to label’ is a regulatory must-have when it comes to sustainability-related products, says ASIC deputy chair Karen Chester.
June 14, 2022Under the framework, 11 large financial firms will be required to report internal dispute resolution data to ASIC for the first time by 28 February 2023.
April 1, 2022ASIC is assessing whether fund managers made false or misleading statements or engaged in misleading or deceptive conduct when marketing their funds.
March 24, 2022ASIC has expanded its consumer remediation guidance to cover all financial services licensees, credit licensees and retirement service providers.
November 18, 2021The 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, 2021Licensees should have in place clear, well-understood and documented processes for identifying, recording, assessing, escalating and reporting breaches.
September 8, 2021