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Showing 1081 - 1090 of 1910 results for "Disclosure"

Misleading PDS costs NAB $10,200

LAURA MILLAN  |  WEDNESDAY, 1 OCT 2014
Making potentially misleading statements in a product disclosure statement (PDS) has seen National Australia Bank (NAB) get a $10,200 penalty from the Australian Securities and Investments Commission (ASIC). The regulator was concerned that the PDS ...

Opposition wants to postpone vote on FoFA bill

LAURA MILLAN  |  TUESDAY, 23 SEP 2014
... general advice, amendments to the statement of advice provisions and an extension of the time period within which fee disclosure statements must be provided to a client.

ASIC reviews FoFA progress

JAMES FERNYHOUGH  |  THURSDAY, 18 SEP 2014
... in income as a result of the rules limiting conflicted remuneration. Licensees also said requirements to provide fee disclosure statements, which have demanded system updates, had been a major challenge. They also said the best interest duty brings with ...

Westpac fined over misleading statements on annuity product

LAURA MILLAN  |  WEDNESDAY, 17 SEP 2014
... penalty after the Australian Securities and Investments Commission issued two infringement notices regarding the product disclosure statement (PDS) and other promotional material. Westpac potentially misled consumers by representing that the interest ...

Magellan sees "real tensions" in launching ASX-listed fund

LAURA MILLAN  |  WEDNESDAY, 17 SEP 2014
... have some intellectual property that they are trying to protect, and putting that on an exchange which has its own disclosure regime and requirements," Cairns said, speaking at the Bloomberg Summit yesterday. "That is not easy at all," he admitted, and ...

Penalties for fund managers too lenient

MARK SMITH  |  WEDNESDAY, 10 SEP 2014
... proactive approach to the identification of fraud. These include harsher penalties for perpetrators of fraud, improved disclosure of offshore investment structures and a greater oversight role for 'gatekeepers' such as auditors and custodians. The report ...

UK FCA to review social media guidelines

ALEX DUNNIN  |  WEDNESDAY, 10 SEP 2014
... that character limits on various social media channels are not an excuse for firms to not follow their communications disclosure obligations.

Instos offer advice at a loss to drive product sales: EY

LAURA MILLAN  |  TUESDAY, 9 SEP 2014
... vertical integration structures were not a problem in itself, but that conflicts arise when "inadequate transparency and disclosure to consumers of the main drivers of some adviser business models." This is especially the case when "cross-subsidisation ...

FIIG to manage $50m bond issue for 360 Capital

MARK SMITH  |  TUESDAY, 9 SEP 2014
... forward. The offering will only be open to eligible professional and sophisticated investors. No prospectus or other disclosure document will be lodged with the Australian Securities and Investment Commission or any other regulatory body. FIIG is acting ...

Coffey to raise $40 million via bond market

MARK SMITH  |  WEDNESDAY, 3 SEP 2014
... company said. The bond offering is only open to eligible professional and sophisticated investors. No prospectus or other disclosure documents in relation to the bond will be lodged with the Australian Securities and Investment Commission or any other ...