Final anti-hawking RG 38 issued has been saved
Final anti-hawking RG 38 issued
Less than two weeks out from go-live, ASIC released its final guidance for the prohibition on hawking of financial products.
On 23 September 2021, ASIC released its final guidance on the hawking provisions, Regulatory Guide 38 (‘RG 38’). This sets out the regulator’s expectations on complying with the hawking prohibition contained in the Corporations Act 2001– a prohibition that aims to protect consumers from unsolicited offers of financial products.
Download a summary of the key changes reflecting feedback received on Consultation Paper 346 (‘CP 346’).
Read more about ASIC’s proposed updates to its guidance on the prohibition on the hawking of financial products (‘RG 38’).
Existing legislation did not effectively protect consumers from harm, and that there was widespread misconduct relating to the hawking of financial products.