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Good News for AFS Licensees: ASIC Eases Breach Reporting Rules

Good News for AFS Licensees: ASIC Eases Breach Reporting Rules
If you hold an Australian Financial Services (AFS) license, we have good news for you. The national market watchdog has just informed that you will not have to notify it about all regulation breaches. If they didn't cause financial harm to the client and were quickly rectified, the obligation to inform about such a situation has just been lifted.ASIC Eases Rules on Reportable Situations RegimeIn a recent development, the Australian Securities and Investments Commission (ASIC) has revised the obl... Read More
Posted: Oct 19 2023, 09:48
Author Name: financemagnates
Views: 092015

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