ASIC said it will punish issuers of CFDs and other high-risk products for failure to comply with their design and distribution obligations.
September 8, 2023Australia’s Federal Court said the lending model the firms operated was specifically intended to avoid provisions of the National Credit Act.
July 15, 2023ASIC has taken 35 actions against greenwashing since July 2022. It has several other investigations underway and anticipates further regulatory action.
May 11, 202397 large financial firms started reporting IDR data early this year. 260 firms will have to start reporting by August 2023. The remaining firms will have until 29 February 2024.
May 9, 2023ASIC deputy chair Karen Chester said closer scrutiny of how product issuers are meeting their design and distribution obligations is coming.
May 5, 2023ASIC 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, 2022