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ASIC seeks right to deny financial licences
2015-03-23 08:32:03| Automakers - Topix.net
As the Australian Securities and Investments Commission calls for an overhaul of its government funding model to a user pays system, it has also asked for increased powers for product intervention, the right to deny financial licence applications, and to prosecute managers who fail to properly supervise their employees. ASIC chairman Greg Medcraft said that improving the integrity and quality of financial advice remained the regulator's number one priority.
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Category:Automotive