BNM proposes to amend its Fair Treatment of Financial Consumers policy document to cover specific requirements on the treatment of vulnerable consumers.
March 5, 2023The orders prevent the funds from being offered or distributed to consumers until deficiencies in their TMD statements are addressed to ASIC's satisfaction.
September 15, 2022ASIC will prioritise work to protect investors from the crypto risks, misconduct including greenwashing, and other harms.
August 25, 2022ICBC, Bank of China, China Construction Bank and Agricultural Bank of China will launch encourage personal deposits in retirement savings products.
August 10, 2022The board and senior management shall be held "jointly accountable" for bancassurance/bancatakaful products that result in "poor consumer outcomes".
July 3, 2022ASIC has identified behavioural levers that can influence consumer outcomes and situational vulnerabilities that can amplify poor outcomes.
June 28, 2022Financial services firms are required to protect consumers and the public during the entire lifecycle of a financial product or service.
May 26, 2022The proposed rules prohibit misleading sales, compulsory product bundling, unreasonable charges, and "algorithmic discrimination".
May 23, 2022SEBI has set out a product design and risk management framework that should be used by exchanges looking to offer such products.
March 29, 2022ILAS products should be designed fairly and deliver fair outcomes. Issuers should lower surrender charges. Product features should not be unduly complex.
November 5, 2021