Regulators switch focus in response to COVID-19

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 placed to respond where necessary.  The key take-outs for businesses to consider are: … 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