The ASIC is making the move, which will consolidate obligations and prohibitions for licensed financial markets, to reduce regulatory red tape
Under the exemption, fintech firms will be allowed to experiment their new, innovative services with a limited number of retail investors
ASIC wants to ensure retail advice firms put processes in place to compensate their clients for losses suffered as result of advisor misconduct
Report sheds light on effects of a new best interests standard
Australian regulator is committed to facilitating innovation in financial services
An upcoming consultation paper will propose a new exemption that will allow startups to run early-stage tests of new businesses without having to be licensed
A separate ASIC report reviews conflicts of interest in in vertically integrated funds management businesses
Australian report designed to help financial firms prepare, respond and recover
Experiments provide valuable insights into how people make decisions
New rules will come into force in stages over nine months