ASIC update: Peter Kell

ASIC’s areas of regulatory focus in relation to consumer credit are:

  • advertising
  • responsible lending
  • loan fraud
  • general licence obligations relating to conflicts of interest, and
  • property investment and lending through self-managed superannuation funds (SMSFs).

ASIC believes that regulatory compliance in these areas is central to improving market outcomes and protecting consumers. However, ASIC’s work in these areas is not just of benefit to consumers – it also helps compliant market participants. Businesses that do the right thing by their clients, and the industry, need to be confident that the actions of unscrupulous operators don’t place them at a competitive disadvantage or undermine the broader public trust in the industry.

Click here for the full speech.

One Comment on “ASIC update: Peter Kell

  1. Pingback: MFAA 2014 National Convention | MFAA Convention

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: