ASIC deputy chair Karen Chester said closer scrutiny of how product issuers are meeting their design and distribution obligations is coming.
May 5, 2023Due for implementation in Q4, the new system will apply an industry-wide common standard to investment product risk ratings to improve reliability and comparability for investors.
January 30, 2023ASIC alleges that American Express Australia breached its design and distribution obligations in relation to two credit cards it issued and co-branded with retailer David Jones.
December 7, 2022ASIC reviewed target market determinations for superannuation products and found noncompliance and poor practices by some trustees.
August 31, 2022Three firms are required to temporarily stop offering their products to consumers due to deficiencies in their target market determinations.
August 1, 2022Only eight product issuers still had grandfathered conflicted remuneration arrangements in place as at 1 January 2021.
July 21, 2021ASIC issued updates to RG 246 that would reflect the end grandfathering of conflicted remuneration for financial product advice from 1 January 2021.
December 15, 2020Effective from 4 May, advertisers of capital markets products and services are no longer required to submit their advertisement materials to the SC for approval.
May 4, 2020