The Department of Enforcement was created to consolidate enforcement activities. The Commission’s enforcement team conducts investigations regulations and and functions to ensure that licensees are sanctioned for non-compliance.
The team uses a wide range of enforcement powers –criminal and administrative – to protect clients and to take action against firms/licensees that do not meet the RFin’s standards.
They are responsible to, but not limited to;
- ensuring compliance with legal obligations under the RFinA and MLTPA;
- achieve outcomes consistent with RFinA;
- detect and deter non-compliant behaviour;
- assertively apply dissuasive, consistent and proportionate enforcement actions.
Here you will learn about different enforcement activities, disciplinary actions taken and how complaints are being treated.