Wednesday September 12 2018

News Source: Global Exchanges

Focus: Trading Rules

Type: General




The Australian Securities and Investments Commission (ASIC) has approved the Australian Financial Complaints Authority (AFCA) Complaint Resolution Scheme Rules and the Terms of Reference of the AFCA Independent Assessor (IA).

ASIC is required to approve material changes to the AFCA scheme under the Corporations Act, 2001.  This is a key part of ASIC’s role in overseeing the operation of the new scheme.

It is a statutory requirement that financial firms including most credit representatives, that deal with retail clients must join the AFCA scheme by 21 September 2018.

For more information please click on the link above.