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Showing 61 - 70 of 88 results for "Responsible entities"

Investors vulnerable as property schemes shirk risk disclosure

JAMES FERNYHOUGH  |  WEDNESDAY, 23 JUL 2014
... interest cover policy, related party transactions and distribution practices. ASIC's review found schemes' responsible entities (REs) either failed to address certain benchmarks or did not provide enough information. They also failed to provide the information ...

IFS caught investing in unregistered schemes

LAURA MILLAN  |  WEDNESDAY, 28 MAY 2014
... informed affected members about the change to their investment. No loss for members has been identified. Responsible entities operating under this class order are generally restricted from investing in unregistered managed investment schemes on behalf ...

APRA delays new data collections implementation

ALEX DUNNIN  |  FRIDAY, 21 MAR 2014
... consultation on some aspects of the reporting requirements," the regulator said in a letter to superannuation Responsible Entities. The delays refer to changes to the due dates for quarterly superannuation data collections in the transitional period ...

ASIC drops planned MDA changes

JAMES FERNYHOUGH  |  THURSDAY, 6 MAR 2014
... operators for the time being and removes the prospect of a regulatory environment which resembles that for Responsible Entities for Managed Investment Schemes. "As is so often the case, market forces are overtaking regulation and the uptake of managed ...

ASX managed fund service gets go-ahead

JAMES FERNYHOUGH  |  THURSDAY, 6 FEB 2014
... in the managed funds through their broker. Already the service has 60 'foundation members', including 39 responsible entities, 10 external unit registries and 11 brokers. The service will provide another way of accessing the self-managed super fund (SMSF) ...

ASIC backs down on custody whistleblowing requirements

JAMES FERNYHOUGH  |  FRIDAY, 22 NOV 2013
... December 2012, ASIC proposed requiring custodians to actively look for unlawful or suspicious activity in the responsible entities of scheme property. However, the Australian Custodian Services Association (ACSA), objected to this requirement on the ...

ASIC urged to extend 'wet signatures' exemption

MARK SMITH  |  WEDNESDAY, 3 JUL 2013
... submissions in support of the proposal before the July 11th deadline. She wants to see the relief extended to all responsible entities of registered schemes for initial applications made through a secure electronic means where the origination of the ...

ASIC updates MIS guidance

LAURA MILLAN  |  THURSDAY, 6 JUN 2013
... guidance and to draft constitutions taking into account the new requirements," Tanzer said. "We will not require responsible entities of existing schemes to amend their constitution if it already meets the requirements of our previous policy," he sai ...

APRA to require funds to lodge 35 data forms

ALEX DUNNIN  |  THURSDAY, 28 MAR 2013
... substantially revised based on submissions and supplementary consultation with industry," noted APRA. But responsible entities will be required to provide information describing their financial position at 'entity' level and regarding their MySuper products. ...

Conflicts of interest worry ASIC

LINDA HAUSKEN  |  FRIDAY, 10 AUG 2012
... consulting industry. Tanzer regards the advice that asset consultants provide to superannuation trustees and responsible entities as integral to the investment decisions these entities make. Despite the challenges the industry is facing, Tanzer said ...