ASIC
ASIC is seeking industry feedback on proposed updates to Regulatory Guide 183 Approval of financial services sector codes of conduct (RG 183).
The proposed updates intend to ensure the currency and clarity of guidance on ASIC's regulatory approach to approving industry codes of conduct by:
- reflecting legislative reform since the guidance was last updated, including changes to the industry codes of conduct regime under the Financial Sector Reform (Hayne Royal Commission Response) Act 2020
- clarifying ASIC's role in relation to industry codes, as well as the criteria and process for our approval of a code, and
- simplifying the existing guidance where possible.
A copy of the proposed updated RG 183 and a more detailed summary of the changes are available below.
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