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Showing 11 - 20 of 57 results for "Class Order"

Financial services laws under review

JAMIE WILLIAMSON  |  TUESDAY, 15 SEP 2020
Following on from the Royal Commission, the Australian Law Reform Commission has been tasked with reviewing financial services laws with a view to simplify laws regulating the industry. As part of its response to the Royal Commission final report, the ...

Results of ASIC MDA review imminent

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 SEP 2019
... said: "ASIC has issued quite a number of MDA licences in the last couple of years since they released the updated class order in September 2016. In that intervening three years, they've issued a large number of MDA licences so that implies they've been ...

PDS should reflect PYSP changes: ASIC

KARREN VERGARA  |  MONDAY, 24 JUN 2019
... disclosure statements to disclose exit fees will no longer be charged under the 1 July 2019 changes. ASIC has amended Class Order 14/1252 to align with the Treasury Laws Amendment (Protecting Your Super Package) Act 2019 and Regulations (PYSP), part ...

ASIC delays choice product dashboards

KARREN VERGARA  |  THURSDAY, 11 APR 2019
... superannuation funds with more than five members must disclose dashboards for MySuper products only. ASIC has amended Class Order CO 14/443 to defer choice super product providers' obligations until 1 July 2023. "This will allow further consideration ...

Limited MDA deadline closes in

KARREN VERGARA  |  WEDNESDAY, 8 AUG 2018
... licensing requirements if the path chosen by a licensee is to apply to become an MDA provider. When ASIC updated the MDA class order in September last year, one of the changes was to provide a sunset arrangement for the limited MDA client arrangements ...

ASIC wants industry views on short selling

DARREN SNYDER  |  TUESDAY, 15 MAY 2018
ASIC is reviewing its approach to short selling, including a proposal which would allow market makers of certain exchange-traded products to naked short sell units in an ETF or a managed fund. The law enforcement agency is seeking feedback on several ...

RG 133 review reveals poor compliance

EMMA RAPAPORT  |  THURSDAY, 22 JUN 2017
Custodians and responsible entities of managed investment schemes with asset holding requirements are falling short of ASIC expectations, showing generally poor levels of understanding and compliance with Regulatory Guide 133. These findings form part ...

Barclays fined following ASIC investigation

JAMIE WILLIAMSON  |  FRIDAY, 24 MAR 2017
... Capital Asia (BCAL) and UK-domiciled Barclays Capital Securities (BCSL) - had significantly breached conditions of the class order licensing exemptions they were operating under. The entities also failed to notify the regulator of the breaches within ...

mFund to expand product offering

JAMIE WILLIAMSON  |  THURSDAY, 22 DEC 2016
... only apply for and redeem interests in simple managed investment schemes with a shorter PDS, but a revision to the Class Order will facilitate a wider range of managed investment products to be issued and redeemed via mFund. The ASX has applied to ASIC ...

Client needs to drive transitioning businesses

JAMIE WILLIAMSON  |  TUESDAY, 4 OCT 2016
... needs of their clients in order to identify the best means of achieving business sustainability in light of recent MDA class order revisions, according to Mason Stevens. The managed accounts provider welcomed the reforms made by ASIC last month, with ...