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ASIC puts insurers on notice for blind spots in complaints handling

Insurers are failing to identify one in six customer complaints, effectively denying those Australians critical protections available through the Internal Dispute Resolution (IDR) regime, an

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December 5, 2024

ASIC suspends Edisons Global’s AFS licence following repeated compliance failures

ASIC has suspended the Australian financial services (AFS) licence of fund manager Edisons Global Pty Ltd (Edisons) for six months, from 31 October 2024 to

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December 4, 2024

ASIC invites feedback on proposed updates to digital asset guidance

ASIC today released Consultation paper 381 Updates to INFO 225: Digital Assets: Financial Products and Services (CP 381) outlining proposals to update Information Sheet 225

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December 4, 2024

Update for investors in the Shield Master Fund

ASIC notes the outcome of the second creditors’ meeting of Keystone Asset Management Ltd (Receivers and Managers Appointed) (Administrators Appointed) (KAM) yesterday at which creditors

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December 3, 2024

ASIC flags key observations from inaugural IDR data publication

ASIC has released its first publication of industry-wide data reported under the internal dispute resolution (IDR) data reporting framework. Under the IDR framework, most licensed

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December 3, 2024

The FCA sets out next steps for establishing a bond consolidated tape

The FCA is establishing a bond consolidated tape (CT) to ensure that data is accessible in a cost-effective way. A bond CT collates data on

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December 3, 2024

FCA direction to modify the UK’s derivatives trading obligation

We’re updating the direction modifying the UK’s derivatives trading obligation (DTO) from 31 December 2024. This will replace the transitional direction which is expiring. The

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November 29, 2024

ASIC orders stop to Centrepay credit arrangements offered by Northern Territory business

ASIC has made a final stop order preventing Indy-C-Fashion Accessories Pty Ltd (Indy-C) from offering Centrepay credit arrangements to consumers in its store in Katherine.

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November 29, 2024

ASIC cancels licence of RPD Group Advice Pty Ltd

ASIC has cancelled the Australian financial services (AFS) licence of RPD Group Advice Pty Ltd (RPD Group) following a payment of compensation by the Compensation Scheme

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November 29, 2024

ASIC action results in $1.25 million penalty against Sasha Hopkins for unlicensed conduct

The Federal Court has ordered Sasha Hopkins to pay $1.25 million and be disqualified for four years, in proceedings brought by ASIC. The Court also

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November 28, 2024
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