ASIC improvements to the regulation of financial services

The Australian Securities and Investments Commission has recently announced improvements to the regulation of financial services in Australia, including reforms to dispute resolution schemes, and consolidating guidance on conduct and disclosure obligations for financial advisers. These reforms are explored, in the context of increased scrutiny of the financial services industry and, in particular, the role of financial advisers resulting from the changing market conditions and legal developments following the global economic slowdown.

This article first appeared in the Lexis Nexis Financial Services Newsletter in July 2009 and is republished with the permission of Lexis Nexis.

Significant cases, legislation or articles referred to

Download PDF of Article