Under the new law, the Australian Securities and Investments Commission (ASIC) is gaining the same powers ESMA has in Europe, but it might be limited in using those for the next two years. The Design and Distribution Obligations and Product Intervention Powers Bill or simply Treasury Laws Amendment has recently passed both houses of Australian Parliament. **A new bill is going to essential...

**One week ago, Australian Securities and Investments Commission (ASIC), in accordance with the new Product intervention law, was granted with a set of ‘tools’ that can be applied if brokers offer their products to wrong customers.** ASIC has already started to actively use its new powers. The regulator has issued a data collection notice to brokers, requiring a great deal of information...