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Showing 41 - 50 of 88 results for "Responsible entities"

EQT acquires stake in UK firm

KARREN VERGARA  |  FRIDAY, 13 OCT 2017
... collective investments in transferrable securities (UCITS). Authorised corporate director services are similar to responsible entities in Australia, which are required by law for the operation of managed investment schemes and perform a central governance ...

ASIC outlines industry funding costs

ALEX BURKE  |  MONDAY, 9 OCT 2017
... Superannuation trustees will pay a levy based on the total value of assets at the end of the financial year, and responsible entities will pay a sum based on the total value of assets in registered schemes they operate. Wholesale trustees will a minimum ...

Advice licensees hit with $1500 levy

EMMA RAPAPORT  |  MONDAY, 17 JUL 2017
... they become due," he said. Other financial services sectors including superannuation trustees, insurers, and responsible entities will also share the costs of regulatory services based on the number of regulated entities in a sector and, in most cases ...

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 ...

Funds management not up to scratch: ASIC

EMMA RAPAPORT  |  WEDNESDAY, 14 JUN 2017
... obligations but is still falling short in a number of areas. In a report issued yesterday, ASIC found that responsible entities operating managed funds on behalf of retail investors were not adequate in the areas of: managing conflicts of interest; breach ...

ASIC bans former Avestra directors

ALEX BURKE  |  WEDNESDAY, 17 MAY 2017
... ASIC commissioner John Price added: "The findings of the Federal Court in this matter make very clear that responsible entities are required to act in the interests of members. ASIC will ensure that responsible entities and their directors who fail in ...

ASIC releases RE compliance obligations

KARREN VERGARA  |  TUESDAY, 28 MAR 2017
The Australian Securities and Investment Commission is urging responsible entities to maintain adequate risk management systems to avoid any adverse consequences for investors. ASIC's recently released regulatory guide - RG 259 Risk Management systems ...

Super funds receive guidance on RG97

DARREN SNYDER  |  TUESDAY, 21 FEB 2017
... relating to costs is not readily available. To be eligible for the extended transition, super fund trustees, responsible entities and investor directed portfolio service (IDPS) operators must provide certain fees and costs information to ASIC using a ...

mFund to expand product offering

JAMIE WILLIAMSON  |  THURSDAY, 22 DEC 2016
... criteria of the ASX Operating and Settlement Rules. The key aspects of the class order include exempting responsible entities of managed investment schemes on mFund from only issuing interests in response to an application form included in or accompanying ...

Macquarie cops fine over van Eyk

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2016
... commissioner Greg Tanzer said, "This is a significant decision for investors and confirms the important role of responsible entities in monitoring and supervising funds, even where external managers are appointed. ASIC will take action when responsible ...