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Showing 1 - 10 of 7500 results for "Regulator"

ASIC chief executive to depart

ELIZA BAVIN  |  TUESDAY, 16 APR 2024
The chief executive of the Australian Securities and Investments Commission (ASIC) will be leaving the regulator, effective June 1. ASIC chair Joe Longo accepted a request from the Commonwealth Director of Public Prosecutions (CDPP) for ASIC chief executive ...

Blockchain mining companies sued by ASIC

ANDREW MCKEAN  |  MONDAY, 15 APR 2024
... Digital, and NGS Group - along with their sole directors Brett Mendham, Ryan Brown and Mark Ten Caten. The corporate regulator has accused the NGS companies of targeting Australian investors, encouraging them to invest in blockchain mining packages with ...

ASIC consults on misconduct reporting rules

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
... obligations are an important "front line" information source for it to monitor possible misconduct. For example, the regulator said it uses information from some of the reports received to monitor 'phoenix' behaviour - when a new company, for little ...

FCA issues notices to Link Fund Solutions, Woodford

KARREN VERGARA  |  FRIDAY, 12 APR 2024
... Link Fund Solutions (LFS) and "star stock picker" Neil Woodford ultimately led to the fund's demise, leading to the regulator issuing notices. The regulator blamed Link Group's subsidiary LFS for failing to manage the liquidity of the fund between ...

ASFA appoints new policy head

ELIZA BAVIN  |  FRIDAY, 12 APR 2024
The Association of Superannuation Funds of Australia (ASFA) has announced the appointment of James Koval to the newly created role of head of policy and advocacy, effective immediately. ASFA chief executive Mary Delahunty said she was delighted to welcome ...

ASIC challenges court ruling in Finder Wallet crypto case

ANDREW MCKEAN  |  THURSDAY, 11 APR 2024
... Earn product was a debenture which is essentially an agreement by a company to repay money deposited or lent to it. The regulator claimed that customers deposited money with Finder Wallet on the understanding that their money would be repaid, along with ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
Lanterne Fund Services was issued a $1.25 million penalty by the Federal Court for failing to comply with basic obligations, including operating with almost no compliance staff or risk management processes. In July 2022, ASIC issued civil penalty proceedings ...

Court approves wind up of Prospero Markets

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
The Federal Court ordered Prospero Markets to be wound up following an application by the corporate regulator. ASIC has been investigating Prospero Markets for non-compliance with its AFSL conditions and obligations as an OTC derivatives issuer. The ...

DWS appoints new local chief executive

ELIZA BAVIN  |  THURSDAY, 11 APR 2024
DWS has appointed Lidia Tomova as its new chief executive in Australia, from 1 March 2024. Pending regulatory approval, Tomova will also be appointed as chair of DWS Investments Australia. She will also continue in her role as head of coverage, Australia ...

Government introduces company merger overhaul

ANDREW MCKEAN  |  WEDNESDAY, 10 APR 2024
... and treasury Andrew Leigh jointly stated that mergers will be approved to proceed within 30 working days, where the regulator decides that they don't raise any competition concerns. The average period for the Australian Competition and Consumer Commission ...
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