ASIC Reviews Policy On Internet Discussion Sites

Michael Hansel, Partner
Kate Williams, Solicitor

The Australian Securities and Investments Commission (ASIC) recently released a Consultation Paper on the regulation of internet discussion sites which contain commentary about financial products and services. ASIC is seeking submissions from stakeholders such as internet discussion site operators and users, advisers, licensees and consumers to assist in developing its policy on internet discussion site regulation. This is the first time ASIC has reviewed its policy since 2000 when it released Interim Policy Statement 162 Internet discussion sites (IPS 162)—now referred to as Regulatory Guide 162 (RG 162).

Meaning of internet discussion site