Welcome to the latest edition of our Financial Services Compliance Newsletter.
Each month, we provide key regulatory updates, compliance insights, and industry developments impacting the financial services sector. In this issue, some of the key topics include:
ASIC has updated its guidance RG 234 on advertising financial products and services and issued a warning to providers of financial services involving digital asset financial products urging them to consider their licensing arrangements prior to the expiration of ASIC’s no-action position.
ASIC has released an update on its regulatory simplification project highlighting the significant progress it has made in clarifying and simplifying regulatory guidance, expanding digital service capabilities, and streamlining its website.
ASIC has released an update regarding its financial reporting, audit, and sustainability focuses for the upcoming financial year.
Following a review, the Administrative Review Tribunal has increased a registration prohibition order against a former financial adviser who gave noncompliant advice regarding an SMSF.
ASIC has continued its crackdown on the provision of unlicensed financial advice by issuing warning notices to four ‘finfluencers’ and commencing a review of three AFS licensees who authorise and supervise ‘finfluencers’ as authorised representatives.
AFCA has published another edition of its Systemic Issues Insights Report, highlighting key systemic issues and markers of excellence it identified in the first half of the 2025-26 financial year.
ASIC has released a consultation on proposed changes to multiple instruments relating to relief from dollar disclosure and certain AFS licensing requirements for a period of five year.
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This publication has been prepared for general guidance on matters of interest only and does not constitute professional legal advice. You should not act upon the information contained in this publication without obtaining specific professional legal advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication and to the extent permitted by law, Cowell Clarke does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting or refraining to act in relation on the information contained in this publication or for any decision based on it.