Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1061 - 1070 of 5616 results for "ASIC"

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... the accountant's certificate that is currently required. The obligations of responsible entities are up for review, as is ASIC's ability to direct a responsible entity to amend a scheme's constitution to meet the minimum content requirements, similar ...

Mayfair 101 accuses ASIC of "suspicious" conduct over FOIs

JAMIE WILLIAMSON  |  FRIDAY, 4 AUG 2023
Mayfair 101 says ASIC has rejected seven Freedom of Information requests in relation to its investigation into the private equity firm, one within six hours of its receipt. The embattled group said the first FOI request was made on June 20, followed ...

ASIC takes Dixon Advisory director to court

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
ASIC is taking former Dixon Advisory & Superannuation Services (DASS) director Paul Ryan to the Federal Court in an alleged breach of duties that led to creditors suffering significant losses. The corporate regulator believes Ryan put the interests ...

Former director pleads guilty to super misuse

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
... property developments. However, it was found only a small portion of the obtained funds were invested this way. Further, ASIC said between 14 July 2016 and 23 December 2019, Naseeruddin also dishonestly used his position as a director of Secure Investments ...

eToro sued by ASIC

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
ASIC has launched legal proceedings against eToro, alleging breaches of design and distribution obligations regarding its contract for difference (CFD) product. The case focuses on the appropriateness of eToro's target market, and the screening ...

ASX appoints former ASIC chair to lead advisory group

CASSANDRA BALDINI  |  THURSDAY, 3 AUG 2023
... will be to offer industry input for the CHESS replacement project in its initial stages. Cameron, who formerly served as ASIC chair for eight years, was welcomed at a roundtable held yesterday in Sydney. The roundtable, hosted by ASIC and joined by the ...

Trustees to disclose more remuneration details

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... the end of the financial year to make remuneration disclosures from the time they lodge annual financial statements with ASIC. When the board decides to remunerate executives, it must provide a description of how it exercises its discretion to determine ...

Mayfair 101 calls for senate inquiry into ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 2 AUG 2023
... an email from John Hempton, founder and chief investment officer of hedge fund Bronte Capital, that was sent directly to ASIC deputy chair Karen Chester may have been what triggered the regulator's investigation. Chester and Hempton previously worked ...

Review forces ASX to fix intra-group conflicts

KARREN VERGARA  |  MONDAY, 31 JUL 2023
... intra-group conflicts. Another recommendation is for non-ASX Clearing and Settlements directors to meet annually with the RBA and ASIC so that they know how Clearing and Settlements are operating. ASX chair Damian Roche said: "This report demonstrates ...

Advice from Shartru failed best interests duty, ASIC says

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2023
ASIC has imposed additional licence conditions on dealer group Shartru Wealth Management, saying representatives have not been adequately supervised, leading to some financial advice provided failing the best interests duty. The additional conditions ...