The Important Part ASIC Missed in its New Compliance Report

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The Important Part ASIC Missed in its New Compliance ReportIn June 2016, the Australian Securities and Investments Commission (ASIC) released Report 482 – ‘Compliance Review of the retail OTC Derivatives Sector’. The report highlighted the key findings ASIC found throughout compliance review of the sector. The report ASIC identified seven key risks.

However, there are a number of issues which ASIC didn’t include in its report which are important for Australian Financial Services License (AFSL) Holders who operate in the retail OTC derivatives space.  Sophie Grace suggests AFSL Holders review the below and ensure compliance practices continue to meet regulatory requirements.

Read the full article on Finance Magnates or in PDF on our Media Page.

About The Author

Victoria Lombardo

Victoria Lombardo

Victoria provides support to our compliance and legal teams and assists our clients with the preparation and collation of documentation required for AFS and credit licence applications. She also supports senior staff by providing assistance to clients with the maintenance of their licences through the preparation of compliance policy documents and ongoing compliance support.