ASIC does not define or certify a “defensible” compliance framework. However, a compliance framework is more likely to be considered...
ASIC assesses the quality of advice by examining whether AFS licensees can demonstrate that personal advice complies with their legal...
ASIC expects AFS licensees to maintain adequate resources under section 912A of the Corporations Act to provide financial services efficiently,...
ASIC does not prescribe a formal evidence pack for AFS licensees. However, prudent licensees maintain organised evidence of compliance before...
ASIC requires AFS licensees and credit licensees to report reportable situations within 30 calendar days after they first know, or...
ASIC uses different surveillance types, and the evidence it seeks depends on the specific project. Thematic surveillance focuses on a...
No. ASIC does not directly regulate artificial intelligence as a standalone technology. ASIC regulates the financial services, conduct and outcomes...
ASIC expects an AFSL to demonstrate that its compliance framework operates effectively in practice. Preparation should focus on producing clear...
ASIC does not prescribe a specific timeframe for producing compliance records. However, AFS licensees should be able to promptly locate...
ASIC generally uses the term “effective control” to describe a licensee’s ability to govern, monitor, and oversee its financial services...