RG 272
Product intervention power
Issued 17 June 2020. The product intervention power is one of several regulatory tools available to ASIC to improve consumer outcomes.
In plain English
ASIC can use its product intervention power to protect consumers from harmful financial products.
RG 272 explains ASIC’s product intervention power. This power helps ASIC improve consumer outcomes. It allows ASIC to intervene in specific financial products. This guide was issued on 17 June 2020. It applies to businesses offering financial products.
Why it matters
If your business offers financial products, understand ASIC’s intervention power. It could affect how you design and market those products. Staying informed helps you meet your obligations and protect consumers.
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Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-272-product-intervention-power/. Rules Mate indexes + summarises; always verify against the regulator's live publication.