Regulatory Alerts2020-06-17 | RG-272RG 272 Product intervention power
The Australian Securities and Investments Commission (ASIC) issued this guide to outline its product intervention power, which allows temporary regulatory actions including bans on financial and credit products to prevent significant consumer detriment. The document details the scope of this authority and specifies the conditions under which ASIC may exercise it to issue product intervention orders. It further explains the procedural steps for making these orders to ensure effective implementation and improved consumer outcomes.
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