ASIC

ASIC_regulator

ASIC reports on cyber resilience assessments of financial markets firms

30/11/2017(0)
An ASIC report on the cyber resilience of over 100 firms operating across Australia’s financial markets has shown a growing understanding of cyber risks, but there is still some ... Read More
citigroup-inc

Citibank refunds $3.3 million to credit card customers

09/11/2017(0)
Citibank will refund more than $3.3 million to around 39,500 current and former customers for failing to refund customers when credit card accounts were closed with an outstanding credit ... Read More
Fintech

China and Australia to cooperate on fintech

06/11/2017(0)
The China Securities Regulatory Commission (‘CSRC’) and Australian Securities and Investments Commission (‘ASIC’) have entered into an agreement to promote innovation in financial services in their respective markets. The ... Read More
ASIC_regulator

ASIC bans former financial adviser for five years

11/09/2017(0)
ASIC has banned former financial adviser Daniel Gerard Manley from providing financial services for five years. ASIC found that Mr Manley engaged in conduct that was misleading or deceptive, ... Read More
ASIC_regulator

Big four banks in Australia change loan contracts to eliminate unfair terms

24/08/2017(0)
Following a commitment to further review their small business loan contracts, the big four banks have now agreed to specific changes with ASIC to eliminate unfair terms from their ... Read More
ASIC_regulator

ASIC permanently bans jailed company director from credit and financial services industries

22/08/2017(0)
The Australian Securities and Investments Commission (ASIC) has issued today a press release to inform that Mr Gavin Keith Hyland has been permanently banned from engaging in credit activities or ... Read More
ASIC_regulator

ASIC updates licence conditions on online broker

03/08/2017(0)
ASIC and OpenMarkets Australia Limited (OpenMarkets) have agreed for an independent expert to monitor, evaluate and report on OpenMarkets’ implementation of recommendations arising from an independent review of its ... Read More
ASIC_regulator

Australian financial services provider pays penalties

25/07/2017(0)
Financial Choice Pty Ltd (Financial Choice), an Australian financial services provider, has paid two ASIC infringement notice penalties totalling $21,600, after making misleading representations in marketing emails sent to ... Read More
ASIC_regulator

ASIC takes action to wind up land banking scheme and its operator

17/07/2017(1)
ASIC has commenced proceedings in the Federal Court of Australia to wind up a land banking scheme known as the VKK Investments Unit Trust (VKK scheme), as well as ... Read More
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Malaysia and Australia seal agreement on fintech cooperation

29/06/2017(0)
On 27 June 2017 the Malaysia Securities Commission (‘SC’) and ASIC signed a Co-operation Agreement which provides a framework for cooperation to support and understand financial innovation in each ... Read More
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