BEAR – Regulated Financial Entities
Additional Commitment
Extension of the executive accountability regime to non-prudentially regulated financial entities to be administered by ASIC.
Financial Advisor Disciplinary System
Recommendation 2.10
A new disciplinary system for financial advisers
BEAR – RSE
Recommendation 3.9
Extending the Banking Executive Accountability Regime (BEAR) to RSE licensees
BEAR – Insurers
Recommendation 4.12
Extending the BEAR to APRA‑regulated insurers
Superannuation – Co-Regulation
Recommendation 6.3
General principles for ASIC and APRA to co‑regulate superannuation
Superannuation – ASIC Role
Recommendation 6.4
ASIC as conduct regulator for superannuation
Superannuation – APRA Role
Recommendation 6.5
APRA to retain current functions for superannuation
BEAR – Joint Administration
Recommendation 6.6
Joint administration of the BEAR
Regulation – Co-regulation
Recommendation 6.7
Statutory amendments to facilitate co‑regulation
BEAR – Financial Services Institutions
Recommendation 6.8
Extending the BEAR to all APRA‑regulated financial services institutions.
Regulator Co-Operation
Recommendation 6.9
Statutory obligation for APRA and ASIC to co-operate and share information
Compensation Scheme
Recommendation 7.1
Compensation scheme of last resort
ASIC Enforcement Review
Recommendation 7.2
Implementing the ASIC Enforcement Review Taskforce’s directions power recommendations