The new beach reporting regime is considered “overly excessive” by the sector. Since 1 October, AFSL and ACL holders have been legally obliged to self-report specific matters to ASIC and are su
A new report has warned ASIC’s breach reporting regime has taken a toll on the financial services sector in its first six months. A study conducted by CoreData Research and commissions by legal tec
Financial services regulatory and compliance teams are facing work overload, stress and anxiety as they grapple with “overly excessive” compliance and reporting rules, a report has found.
New research offers a damning indictment of the new breach reporting obligations implemented following the Hayne Royal Commission. Australian-headquartered legal technology company Lawcadia and BigLaw