Regulatory Alerts2018-09-20 | RG-098RG 98 ASIC’s powers to suspend, cancel and vary AFS licences and make banning orders
The Australian Securities and Investments Commission issued this guide to explain its administrative powers under the Corporations Act to enforce compliance with financial services licensing provisions. It details the procedures for suspending, cancelling, and varying Australian Financial Services licences as well as making banning orders. The document further outlines the specific matters the regulator generally considers when exercising these enforcement powers.
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