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regulation

08 April 2019 • By Reporter • 1 min read

ASIC, UK regulator to sign post-Brexit deal

The UK Financial Conduct Authority and ASIC have agreed on two Memoranda of Understanding to ensure there is continuity once the UK leaves the ...

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ASIC super disclosure changes ‘reinforce’ fee opacity

ASIC’s latest proposed changes to superannuation fee disclosure have failed to provide transparency around fees and costs in super funds and managed ...

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Wealth boss questions ASIC’s litigation agenda

A number of industry leaders including a wealth management CEO have debated whether ASIC’s new enforcement approach following the royal commission ...

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Beefing up of regulation a government priority

The government has allocated more than $550 million in the 2019-20 budget to strengthen both ASIC and APRA in response to the Hayne royal commission

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Regulators release ‘world-leading’ life insurance data

APRA and ASIC have published a series of publications and an online tool allowing policyholders to compare life insurers’ performance in handling ...

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Grandfathered commissions to be banned by government

The government has announced regulations requiring advisers to pass to their clients the benefits of any previously grandfathered conflicted ...

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Life insurers acting promptly with code reform

The majority of life insurers have acted within the required timeline on claims, following the overhaul of the Life Insurance Code of Practice ...

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‘Meaningful change is the responsibility of financial institutions’ - ASIC

ASIC has put the onus on the financial institutions to create meaningful change in the industry following a turbulent 2018.  The chair of the ...

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$35m war chest to fight corporate crime

The government has announced that the jurisdiction of the Federal Court of Australia will expand to include corporate crime, with the coalition ...

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APRA updates information security guidance

APRA has released for consultation its updated guidelines on protecting against the rise in information security risks, including cybercrime

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