Insurance Council of Australia Regulatory Update 2012 Commissioner - - PowerPoint PPT Presentation

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Apr 08, 2024 118 likes •179 views

Presentation to Insurance Council of Australia Regulatory Update 2012 Commissioner Peter Kell 22 February 2012 Introductory remarks ASICs strategic priorities: confident and informed investors and financial consumers fair

SLIDE 1

Presentation to

Insurance Council of Australia Regulatory Update 2012

Commissioner Peter Kell 22 February 2012

SLIDE 2

Introductory remarks

ASIC’s strategic priorities:

– confident and informed investors and financial consumers – fair and efficient financial markets – efficient registration and licensing

SLIDE 3

Some areas of focus

Issues in disclosure and advertising

– Regulatory Guide 234 – Advertising financial products and advice services: Good practice guidance – product disclosure statements – telephone sales – comparison websites

SLIDE 4

Some areas of focus

Report 256 - consumer credit

insurance: a review of sales practices by authorised deposit- taking institutions

Report 245 - review of general

insurance claims handling and internal dispute resolution procedures

SLIDE 5

Some areas of focus

other emerging areas

Presentation to

Insurance Council of Australia Regulatory Update 2012

Commissioner Peter Kell 22 February 2012

Introductory remarks

– confident and informed investors and financial consumers – fair and efficient financial markets – efficient registration and licensing

Some areas of focus

– Regulatory Guide 234 – Advertising financial products and advice services: Good practice guidance – product disclosure statements – telephone sales – comparison websites

Some areas of focus

insurance: a review of sales practices by authorised deposit- taking institutions

insurance claims handling and internal dispute resolution procedures

Some areas of focus

– “scaled” advice – Code of Practice