Day: December 22, 2023

What to do if you are affected by floods in Queensland

ASIC has outlined practical steps to take for communities affected by flooding in Far North Queensland following ex-Tropical Cyclone Jasper. On 18 December 2023, the Insurance Council of Australia declared a significant event for regions of Far North Queensland impacted by severe weather and flooding over the past week. ASIC Commissioner Alan Kirkland said there …

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ASIC suspends Prospero Markets’ AFS licence and accepts undertaking

ASIC has suspended the Australian financial services (AFS) licence of over-the-counter (OTC) derivatives issuer, Prospero Markets Pty Ltd (Prospero). Prospero has also provided an undertaking to ASIC that it will not deal in client funds without ASIC’s agreement. Prospero’s licence suspension means it cannot provide financial services during the suspension period from 20 December 2023 …

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