Page 2 - Asic S News Today

Mortgage stress could lead consumers to seek out fringe lending practices, now a particular area of ASIC’s focus.

An industry body has called for its establishment. A broad-based Compensation Scheme of Last Resort (CSLR) must be urgently established in the wake of ASICs Dixon Advisory complaints call, accordi

The IPA wants the Quality of Advice Review to make bold moves towards meaningful reform.

The industry body has welcomed the news. The Financial Planning Association of Australia (FPA) CEO says it is encouraging to see ASIC take action on the risks posed by social media influencers – or

The COVID-19 instrument was first announced in 2020. ASIC has announced that the temporary relief for financial advice will be automatically repealed on 15 April 2022. Initially introduced in April 2

While ASIC’s latest crackdown on reciprocal audits did not extend to the more recent independence requirements from APES 110, this is likely to be ASIC’s next big focus, an audit firm warns. Ea

The corporate regulator’s newly-formed Financial Services and Credit Panel (FSCP) should be seen as a “positive” for the advice sector, according to the FPA CEO. Despite some criticism about th

The corporate regulator chair has provided an update on its Regulatory Efficiency Unit. Launched late last year, ASIC announced the unit in an effort to minimise regulatory burden on financial servic

The Administrative Appeals Tribunal has upheld the banning of former Provident Capital MD Michael OSullivan from managing corporations.

ASIC has been slammed for “regulatory negligence” in regard to the Sterling Group collapse in report released by the Senate economics references committee.