FMIs are the main “players” that support trading in the country’s capital markets and have high systemic importance, often influencing everything from individual daily transactions to overall financial stability. Here's what we know.
Maintaining compliance is crucial for organisations but it shouldn’t jeopardise the processes that keep them afloat in a competitive ecosystem. ASIC has been updating Regulatory Guide 78 (RG78), for breach reporting. Here’s a look at RG 78.
Financial Services independent compliance experts, or ICEs, are third-party entities responsible for helping organisations meet crucial compliance obligations. Here's a closer look at including how to engage them, what they do and what steps they take to help firms meet compliance requirements.
In financial markets, trade surveillance is the process of monitoring trading activity for suspicious activity. It’s a crucial tool. Here's everything you need to know about navigating trade surveillance.
What is an ASIC Court Enforceable Undertaking? Court enforceable undertakings occur in many forms and can impact how an Australian Financial Services Licence (AFSL) holder does business. For this reason and many more, AFS licensees must understand this kind of legal action and how to respond.
Includes: ASIC seeks feedback on proposed guidance on sustainability reporting regime New enrolment and registration forms arrive at AUSTRAC
Includes: ASIC warns governance gap could emerge in first report on AI adoption by licensees ASIC updates guidance for auditors following extension to financial reporting and audit obligations APRA amends operational risk financial requirements for superannuation trustees
Amanda Mark discusses adapting to ASICs evolving priorities with a current focus on fulfilling specific requirements regarding consumer protection in this recent article published in the Insider Adviser September 2024. […]
An Australian Financial Services Licence, or AFSL, is a legal licence provided by the Australian Securities and Investments Commission (ASIC). Certain businesses in the country’s financial services industry are required to have an AFSL, depending on the type of financial products or services they provide. […]
