Financial Standard Comments - ASIC needs tougher, direct powers: Taskforce ASIC should be given tougher intervention powers to direct how an Australian financial services licensee addresses or prevents compliance failures. https://www.financialstandard.com.au/feed/latest?story=106691939 Fri, 10 Nov 2017 14:11:43 +1100 Fri, 10 Nov 2017 14:11:43 +1100 en-AU Copyright 2026 Financial Standard 5 Comment by WAYNE CHARLES (SIS INSURANCE BROKERS PTY LTD) We have spent the last 12 months designing a professional indemnity policy for AFSL holders.During our market research and discussions with ASIC, we have identified more than 1000 companies who are not licensed who should be licensed, and that number is growing daily. As well many of the companies registered are underinsured re PI insurance, and literally don't care because in their words: "who checks and it's too expensive anyway".

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]]> WAYNE CHARLES (SIS INSURANCE BROKERS PTY LTD) Fri, 10 Nov 2017 14:11:43 +1100