The ASX’s mFund settlement service will be permitted to include a broader range of managed investment products following a successful application to the corporate regulator.
Suncorp Bank has paid infringement notice penalties totaling $270,000 dollars, as well as $260,000 in remediation, following a breach of consumer protection provisions, ASIC has announced.
The Commonwealth Bank and NAB have both agreed to enforceable undertakings with ASIC in response to the conduct of their wholesale spot foreign exchange businesses between 2008 and 2013.
ASIC has accepted enforceable undertakings from both the Commonwealth Bank of Australia (CBA) and NAB regarding the conduct of their wholesale spot foreign exchange businesses.
Treasury has released a new proposals paper that outlines new product intervention powers for ASIC and design/distribution obligations for product providers.
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