Search Result
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ASIC’s Product Intervention Power – How does it work?
01 Dec 2020Since 6 April 2019, ASIC has had the power to proactively intervene in relation to a financial or credit product (“product”) or class of products to reduce the risk of significant detriment to con
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ASIC v HSBC: Is “adequacy” enough to manage cybersecurity risk?
20 Dec 2024While Optus and Medibank come to mind when we think of cyber incidents, ASIC is increasingly enforcing its regulatory priority of licensee failures to have adequate cyber-security protections. Think R
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ASIC REP 828: The Risks of Running a Retail CFD Business
09 Feb 2026ASIC’s recent REP 828 – Risky Business: Driving change in CFD issuers’ distribution practices could, for CFD issuers, just as easily be called Risky Business: Running a retail CFD business in
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ASIC cracks down on financial advisers and licensees
09 Aug 2022Financial advisers and their licensees, take note! ASIC is following up on advisers who haven’t yet completed the financial adviser exam. For most advisers, the thought of the financi
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As a credit licensee, can you sign the Annual Compliance Certificate?
18 Dec 2019If you are a credit licensee, you must lodge an annual compliance certificate with ASIC within 45 days of your licensing anniversary each year. Your licensing anniversary is the anniversary of the d
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Artificial Intelligence and Financial Services: What 2025 taught us
12 Jan 2026Whether you describe it as the ‘AI revolution’,[1] ‘AI bubble’,[2] or an ‘industry reshape’,[3] 2025 has seen artificial intelligence affect industries across Australia, including financia
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Are you paying too much for your ASIC Industry Funding Levy?
04 Apr 2019ASIC has now issued levies for the 2017 – 2018 financial year. These invoices were due to be paid by 15 March 2019. Late payment penalties apply from 1 April 2019 and these are as 20% per an
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Are you ‘fit and proper’ or only of ‘good fame and character’?
30 Jun 2020In March 2020, the requirements for obtaining and maintaining an Australian Financial Services Licence (AFSL) were amended by the Financial Sector Reform (Hayne Royal Commission Response—Stronger Re
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Are changes coming to the wholesale client eligibility rules?
01 Feb 2022In a previous article we looked at various regulatory issues and concerns which have arisen with the current legal definitions of wholesale and retail clients under the Corporations Act 2001 (the "A
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APRA regulatory reporting for general insurance providers
17 Oct 2019Are you an AFSL holder and authorised to deal in general insurance? If so, you should be aware of your obligations to provide data to APRA every six months by lodging a Form 701. What is a Form 701?