Day: December 14, 2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published today a discussion paper on the digitalisation of retail investment services and related investor protection considerations. ESMA is seeking stakeholders input by 14 March 2024 on recommendations regarding online disclosures, digital tools, and marketing practices. In the Discussion Paper …

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The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have issued a joint letter to life insurers and friendly societies (life companies) about life insurance industry practices in relation to premium increases. The letter outlines ASIC and APRA’s observations from a joint review of life companies’ past practices, following concerns …

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ASIC has permanently banned former NSW-based insurance broker Cesar Cutro from providing any financial services. Mr Cutro has also been banned from controlling, whether alone or in concert with one or more other entities, an entity that carries on a financial services business, and performing any function involved in the carrying on of a financial …

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ASIC today released the exam results from the 23rd Financial Advisers Exam cycle held in November 2023. The exam, conducted by the Australian Council for Educational Research (ACER) since inception, follows a rigorous process to ensure all candidates in each cycle are tested to the same standards. In the November exam cycle: 219 people sat …

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