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Showing 101 - 110 of 1719 results for "disclosure"

ASIC investigates CHESS replacement blunder

KARREN VERGARA  |  WEDNESDAY, 29 MAR 2023
... This includes breaching duties of care and diligence, which under section 180 is a civil obligation, and continuous disclosure rules to determine if they were reckless or negligent in any way under section 674 and 674A. ASIC is also examining if there ...

Former AMP adviser pleads guilty to dishonest conduct

KARREN VERGARA  |  MONDAY, 27 MAR 2023
... financial products, and not leaving them in a better position after receiving his advice. ASIC added that the incomplete disclosure of the information by Fong meant the duty of disclosure owed by the clients to the insurer had not been met and they risked ...

Don't wait for QAR: Press

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... looking more like equity then that should be reflected." Press said there is no need to go back and change historical disclosure in portfolio holdings. She said: "But we do expect that trustees are thinking about it now, and also looking at what markets ...

Still work to be done on group insurance: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
Superannuation funds need to improve the life insurance they provide members, with ASIC finding trustees have not made sufficient effort to do so since it began targeted work in the area in 2019. Last year, ASIC reviewed the actions of 15 trustees in ...

Spotlight shines brighter on climate reporting: Expert

KARREN VERGARA  |  FRIDAY, 17 MAR 2023
... increasing regulatory and legislative pressures that will soon sharpen their ability to provide quality and accurate climate disclosure reports, according to an expert. FS Sustainability managing editor Rachel Alembakis told the recent Technical Services ...

ASIC issues more interim stop orders

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
... temporary suspension, valid for 21 days, to prohibit Interactive Brokers from offering, issuing, or giving a product disclosure statement (PDS) and to stop it from providing general advice to retail clients in relation to SYEP Derivatives. The watchdog ...

QAR does not "trash" FoFA: Anderson

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... material improvements for financial advice clients," he said. "Who could possibly disagree with the removal of Fee Disclosure Statements (FDS), removing the mandatory obligation to provide long and complex advice documents and the other reforms that ...

Expect more greenwashing action: ASIC

RACHEL ALEMBAKIS  |  FRIDAY, 3 MAR 2023
... $140,000 in infringement notices in response to concerns about alleged greenwashing against four entities. "Reliable disclosure practices are vital to a well-functioning market," Longo said. "The treasurer has spoken about attracting green capital to ...

Stafford Capital Partners launches sustainable timber impact fund

RACHEL ALEMBAKIS  |  TUESDAY, 28 FEB 2023
... Stafford Carbon Offset Opportunity Fund is classified as an Article 9 impact fund under the European Sustainable Finance Disclosure Regulation and will look to invest in afforestation, natural forest restoration and improved forest management projects ...

Material business risk disclosure needs improvement: ASIC

KARREN VERGARA  |  MONDAY, 13 FEB 2023
... quality of material risks disclosed, which ultimately affect shareholders and prospective investors. The quality of the disclosure also affects the achievement of a listed entity's strategies and prospects, Hughes said. The warning follows ASIC's surveillance ...