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Date Time ASIC consults on draft guidance for hawking reforms ASIC is consulting on proposed updates to its guidance on the prohibition on the hawking of financial products. ASIC’s updated regulatory guide reflects the reforms to the anti-hawking regime under the Financial Sector Reform (Hayne Royal Commission Response) Act 2020, which is due to commence on 5 October 2021. These reforms flow from two recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. In its final report, the Financial Services Royal Commission stated reforming the hawking prohibition was necessary to protect consumers from being sold financial products they did not need or want.

Financial services industryFinancial sector reform hayne royal commission responseRoyal commissionFinancial services royal commissionFinancial sector reformHayne royal commission responseFinancial servicesDanielle pressநிதி சேவைகள் தொழில்நிதி துறை சீர்திருத்தம் ஹேன் அரச தரகு பதில்அரச தரகுநிதி சேவைகள் அரச தரகுநிதி துறை சீர்திருத்தம்ஹேன் அரச தரகு பதில்நிதி சேவைகள்டேனியல் ப்ரெஸ்