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Showing 21 - 30 of 31 results for "new ASIC"

Lonsec highlights hedge fund classification concerns

MARK SMITH  |  THURSDAY, 5 SEP 2013
... products currently being used client portfolios to dampen overall volatility may be reclassified as hedge funds under the new ASIC guidelines, potentially causing investors to dump these positions. "There is the potential for platforms to revisit their ...

Industry bodies welcome Code of Conduct update

LAURA MILLAN  |  MONDAY, 4 MAR 2013
... again at a pre-agreed renewal point." AFA CEO Brad Fox also stated the need for the organisations to be cautious with the new ASIC guidance. "The AFA has identified that there is still much to be considered with respect to the opt-in exemption and recommends ...

New ETF labels need global consistency

MELANIE TIMBRELL  |  TUESDAY, 12 JUN 2012
... different naming convention." SSgA does not manage any of the structured Australian ETFs that would be impacted by the new ASIC moves, although Henze says measures to improve investor awareness of the varying types of products is needed. ASIC recently ...

ASIC appoints new commissioner

CLAIRE MCGREAL  |  FRIDAY, 23 MAR 2012
John Price has been appointed as a new ASIC commissioner on a three year term. Price has worked as a lawyer at the Australian Securities and Investments Commission (ASIC) for the past 12 years, holding a number of senior positions. He was involved in ...

Industry responds to intra fund advice measures

CLAIRE MCGREAL  |  FRIDAY, 9 DEC 2011
... There's been a mixed reaction from the industry to yesterday's announcement from the government on intra-fund advice. New ASIC guidelines are also being developed to outline how scaled advice can be provided in accordance with the regulatory protections ...

Super trustee guidelines for retirement estimates

CLAIRE MCGREAL  |  THURSDAY, 8 DEC 2011
Super fund trustees are set to get a helping hand with predicting their members' retirement estimates. New ASIC guidelines aim to help super trustees enable their members to think about how much money they'll need when they retire so they can start ...

ASIC opens dialogue with hedge funds

RACHEL DAVIS  |  THURSDAY, 15 SEP 2011
... greater regulatory focus on the hedge fund industry is a post-GFC fact of life, but that it is part of a new dialogue. The new ASIC chairman told delegates at the forum that the GFC had focused international and domestic attention on the activities and ...

Swan names new ASIC, ACCC heads

ELISE BURGESS  |  WEDNESDAY, 4 MAY 2011
ASIC commissioner Greg Medcraft and economist Rod Sims have been recommended as new regulatory heads by Treasurer Wayne Swan. In a statement from the Treasury, current ASIC commissioner Greg Medcraft has been put forward as the next ASIC chairman in ...

ASIC lifts restrictions on intra-fund advice

MICHELLE BALTAZAR  |  FRIDAY, 10 JUL 2009
... provider Pillar, the number of call centre super queries despite the GFC dropped last year compared to 2008. Where the new ASIC relief becomes powerful however, despite public apathy, is in the number of switches that could occur following the new rules. ...

PI increase sparks debate

MICHAEL HOBBS  |  WEDNESDAY, 28 NOV 2007
... consumers who lose substantial sums are compensated," said Gordon Renouf, CHOICE policy and campaigns director. Under the new ASIC guidelines, the regulator will initially require licensees to have PI insurance based on what is commercially available ...