ASIC needs tougher, direct powers: TaskforceBY KARREN VERGARA | THURSDAY, 9 NOV 2017 12:38PMASIC should be given tougher intervention powers to direct how an Australian financial services licensee addresses or prevents compliance failures.
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Featured Profile
Fiona Mann
HEAD OF LISTED EQUITIES AND ESG
BRIGHTER SUPER
BRIGHTER SUPER
Brighter Super head of listed equities and ESG Fiona Mann was shaped by a childhood steeped in military-like discipline and global nomadism. Andrew McKean writes.
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".