After recently releasing a consultation paper aimed at facilitating innovative financial services disclosure (see our previous blog), ASIC has announced a joint industry project to develop such innovative disclosure.
As part of the project, ASIC will work with AMP and Vanguard to develop and user-test a short, online ‘key facts’ sheet and a self-assessment
ASIC has recently released Consultation Paper 224 seeking feedback on its proposed relief and updated guidance (revised RG 221) to facilitate electronic delivery and more innovative use of product disclosure statements (PDSs).
ASIC Commissioner John Price said, ‘ASIC is focused on making disclosure more effective and meaningful for consumers of financial services. We