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Australian regulator calls for tighter supervision of off-channel comms

Sydney skyline
Skyline in Sydney, Australia. Photo: Getty Images

ASIC joins the ranks of regulators urging market intermediaries to strengthen supervision of representatives’ comms.

In a clear message to the market, ASIC has added its voice to calls for better monitoring of business communication. Advice in Information Sheet 283 is a response, the regulator says, to “concerns that the use of unmonitored communication channels and encrypted communication applications in business communications can significantly increase the