Regulatory Alerts2010-11-25 | RG-218RG 218 Licensing: Administrative action against persons engaging in credit activities
The Australian Securities and Investments Commission issued this guide for credit licensees, their representatives, and registered persons engaging in credit activities during the transition period until 30 June 2011. It outlines the administrative enforcement powers available to ASIC under the National Consumer Credit Protection Act 2009 and the National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009. The document further details the specific matters ASIC generally considers when exercising these compliance powers.
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