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Licensees shun remediation obligations: ASIC

Many large licensees are failing to proactively remediate clients in a fair and timely manner, operating under a framework that lacks appropriate oversight and accountability.

Karen-chester , Regulatory-guide , Financial-accountability-regime ,

ASIC Calls On Licensees To Strengthen Remediation Procedures

ASIC Calls On Licensees To Strengthen Remediation Procedures
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Australia , Australian , Karen-chester , Regulatory-guide , Chair-karen-chester , Financial-accountability-regime ,

ASIC review identifies licensees' remediation problems

ASIC has warned licensees they could face regulatory action if they fail to remediate customers in a timely manner as it reviews licensees' handling of RG 277 in its first year.

Australia , Australian , Karen-chester , Regulatory-guide ,

ASIC's Press reflects on lessons from commissioner tenure

ASIC commissioner, Danielle Press, has reflected on her five years at the regulator as she steps down from the role.

Australia , Sean-hughes , Karen-chester , Alan-kirkland , Katherine-orourke , Linkedin , Commonwealth-bank , Loki-lodge , Danielle-press , Myer-family-investments , Equip-super , Asset-management

ASIC fires warning shot at OTC derivatives distributors

ASIC has taken aim at distributors of over-the-counter derivatives after a review found improvements are needed in how they meet design and distribution obligations, having already issued 10 interim stop orders.

Karen-chester , Saxo-capital-markets , Mitrade-capital ,

ASIC cracks down on CFDs, OTC derivatives

ASIC continues to crack down on providers of contracts for difference (CFD), options and other high-risk products that flout their target market determinations (TMD), and design and distribution obligations (DDO).

Australia , Australian , Karen-chester , Saxo-capital-markets ,