Since the breach reporting regime commenced on 1 October 2021, ASIC has been monitoring its effective implementation.

The proposed regulation seeks to incorporate Digital Asset Providers into the existing AFS licensing regime.

ASIC updated Regulatory Guide 181 to include further guidance for Australian Financial Services Licensees in relation to managing conflicts of interest.

Under s91 ASIC Act, ASIC has statutory powers to recover costs for investigations where possible.

AFSL holders need to ensure robust systems and procedures are implemented to maintain and demonstrate organisational competence.

ASIC has become quite active in taking action against Australian Financial Services Licensees.

Credit licensees cannot make statements that are materially false or misleading, including claims made on a website or marketing material.

ASIC's enforcement in the SACC space has continued, with its issue of an interim stop order preventing City Finance from issuing its SACC to consumers.

A TMD is required to be implemented by any licensee who issues certain financial products to retail clients.

ACLs must ensure Responsible Managers, representatives and employees have a personal training plan and record CPD details.

Keep up training consistently throughout the year to avoid a last-minute rush.

Fintech, or financial technology, describes new technologies and innovations for the delivery of financial services.

What is the SIV scheme? The SIV scheme allocation is being cut.

This enforcement action highlights the importance of robust governance and compliance frameworks for AFS licensees and their RMs.

This partnership reflects a joint commitment to address the global threat of money laundering and terrorism financing.

ASIC has strict criteria for obtaining an AFSL, so these 4 top tips may assist.

ASIC expects to recover its costs from various regulated subsectors using industry funding levies and fees for service.

What is a CCIV? What does this mean for AFSL holders (old & new). What next?

Responsible Manager is a good fit for professionals who are looking for work which may not require a full-time load.

What is predatory lending? ASIC cracking down on credit providers engaging in predatory lending. Recent cases.