Permissible contact – exceptions to hawking provisions registered

On 6 August 2021, the Treasury registered the Financial Sector Reform (Hayne Royal Commission Response) (Hawking of Financial Products) Regulations 2021 (Cth) (the “Regulations”) on the Federal Register of Legislation. These Regulations specify exceptions to the prohibition on the hawking of financial products, a prohibition recommended by the Royal Commission and subsequently implemented in the … Read more

Regulators switch focus in response to COVID-19

By David Robbins (Principal Solicitor), Amelia Edwards (Special Counsel) and Adrian Faelli (Lawyer) Key Australian regulators have moved to establish new initiatives and scale-back some existing programs as the COVID-19 crisis deepens.  Given the current crisis impacts both business and consumers alike, ASIC and the ACCC have prioritised their resources to ensure they are best … Read more

“They didn’t tell me that!” Disclosure regimes for financial products face renewed scrutiny


Posted By on 16/10/19

By Adrian Faelli (Lawyer) and Venn King (Special Counsel) On 14 October 2019, ASIC and the Netherlands Authority for the Financial Markets (“AFM”) released a joint report critical of current disclosure regimes in respect of the full range of financial products across multiple jurisdictions. Entitled “Disclosure: Why it shouldn’t be the default”, the report acknowledges … Read more