Day: September 9, 2024

ASIC to target misconduct in banking and superannuation sectors

ASIC today released its Enforcement and regulatory update (1 January to 30 June 2024), which sets out recent outcomes in enforcement and regulation. In the first half of the year, ASIC was successful in 95% of its civil and criminal prosecutions, securing $32.2 million in civil penalties and nine criminal convictions. ASIC also launched 63 …

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FCA sets out temporary measures for firms on ‘naming and marketing’ sustainability rules

We’re offering firms temporary flexibility to comply with ‘naming and marketing’ rules under our Sustainability Disclosure Requirements regime until 2 April 2025. Our Sustainability Disclosure Requirements (SDR) and investment labels regime (PS23/16) were published on 28 November 2023. With global assets under management in environmental, social and governance (ESG)-oriented assets expected to increase to $34trn …

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