ASIC and AFCA sign memorandum of understanding

The Australian Securities and Investments Commission (ASIC) and Australian Financial Complaints Authority (AFCA) have signed a memorandum of understanding (MoU) setting out how they will continue to work together to support a fair and efficient financial services sector.

The MoU documents how ASIC and AFCA already engage, and will continue to engage, including through information sharing and other forms of cooperation and coordination. It acknowledges the importance of consultation and cooperation in the effective discharge of their respective responsibilities and governs the administrative arrangements between them.

The MoU has been signed by AFCA’s Chief Ombudsman and Chief Executive Officer David Locke and the Chair of ASIC, Joe Longo.

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