ASIC

Policy & Regulation

Regulators failed to stop misconduct: Hayne

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has slammed the industry regulators for failing to sufficiently punish...

Policy & Regulation

Licensees, not planners face RC-imposed changes

Financial services licensees rather than individual planners are facing the most change likely to result from the preliminary findings of the Royal Commission into Miscon...

Policy & Regulation

FSC backs ASIC call on breach response times

The Financial Services Council has called on financial institutions to improve their response time to incidents, saying that action was urgently needed if they were going...

Policy & Regulation

ASIC dubs breach reporting delays “unacceptable”

A review by the regulator has described delays by financial institutions in reporting, addressing and remediating significant breaches as “unacceptable”....

Life/Risk

Industry fund files post-RC breach report with ASIC

Industry superannuation fund REST has filed a breach report with the Australian Securities and Investments Commission after admitting to failings during the Royal Commiss...

Expert Analysis

Should investors be worried about the wide spreads on some ETPs?

Arian Neiron breaks down the Australian Securities and Investments Commission’s recent report on exchange-traded products, exploring why the regulator warned of wide spre...

Outsider

Deputy Kell unholsters his six-shooters

And as the sun slowly fades into the west ... Outsider notes the impending departure of Australian Securities and Investments Commission deputy chairman, Peter Kell....

Policy & Regulation

AAT overturns ASIC ban of Perth adviser

The Administrative Appeals Tribunal has set aside a decision by the regulator to ban Perth adviser Robert Hutchison from providing any financial services....

Policy & Regulation

ASIC looks to stop several retail crypto offerings

The securities regulator said it has taken action to stop several proposed initial coin offerings or “token-generation events” that target retail investors....

Policy & Regulation

It’s official: ASIC uncoupled from public service

The Australian Securities and Investments Commission has been formally legislatively uncoupled from the Australian Public Service, allowing it to employ people on competi...

Policy & Regulation

Kell to leave ASIC before year’s end

Peter Kell has resigned as deputy chair of the Australian Securities and Investments Commission, effective from 6 December, this year, following seven years of service at...

Policy & Regulation

ASIC bans former Macquarie advisers

The Australian Securities and Investments Commission has banned two former Macquarie advisers from providing financial services for 10 years. ...

Policy & Regulation

ASIC has a case to answer, says Frydenberg

The Federal Treasurer, Josh Frydenberg says he believes the Australian Securities and Investments Commission has a case to answer for the issues raised in the Royal Commi...