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Showing 1071 - 1080 of 6459 results for "regulatory"

ASIC challenges court ruling in Finder Wallet crypto case

ANDREW MCKEAN  |  THURSDAY, 11 APR 2024
... Sarah Court said that offering a crypto-asset related product doesn't necessarily mean it falls outside the current regulatory regime. "Issuers of financial products such as debentures must issue appropriate risk disclosure documents and develop appropriate ...

'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
... Council of Australia (BCA) praised the proposed reforms to company mergers as it strikes a balance between economic and regulatory needs. However, the BCA said close consultation will be required to ensure businesses aren't burdened with unintended consequences. ...

Why aged care advice needs tougher regulation

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
... lawyers, accountants, aged care providers, and older Australians, to discuss how aged care advice can be improved from a regulatory standpoint. One key issue is whether individuals and entities who provide aged care financial advice need to be authorised ...

James Mawhinney arrested as Mayfair 101 saga rolls on

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2024
Mayfair 101's James Mawhinney was arrested yesterday and charged with engaging in dishonest conduct for allegedly claiming IPO Wealth Group owned companies that it did not. Mawhinney has been in a years-long battle with ASIC now, with the regulator ...

GIP Australia Fund surpasses new milestone

ELIZA BAVIN  |  WEDNESDAY, 10 APR 2024
... to capture attractive investment opportunities in areas that are underpinned by favorable demographic, economic, and regulatory conditions coupled with a rapidly growing demand for private infrastructure investments. The region represents one of the ...

Why fund managers are missing out on investment mandates

ELIZA BAVIN  |  WEDNESDAY, 10 APR 2024
... responsibility, and our research shows that failure to deliver can ultimately lead to lost investment," Ocorian head of regulatory and compliance Aron Brown said. "But compliance and risk teams must have the right investment and support in order to be ...

Qantas Super taps fintech as an investment consultant

ANDREW MCKEAN  |  TUESDAY, 9 APR 2024
... with improved performance and attribution capabilities, detailed analytics for investment performance, compliance and regulatory support, and benchmarking. "The partnership with Ortec Finance has delivered the performance and attribution reporting we ...