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Showing 91 - 100 of 476 results for "ASIC commissioner"

Material business risk disclosure needs improvement: ASIC

KARREN VERGARA  |  MONDAY, 13 FEB 2023
... fall short of disclosing material business risks in their annual reports, according to the corporate regulator. ASIC commissioner Sean Hughes warned company directors to pull up their socks when it comes to improving the quality of material risks disclosed ...

ASIC commissioner to join Vanguard

JAMIE WILLIAMSON  |  TUESDAY, 17 JAN 2023
ASIC commissioner Sean Hughes is set to lead Vanguard Australia's legal and compliance function. Hughes was due to end his five-year term in December but will now finish up on February 3. "We are grateful for the contribution Sean has made to ASIC ...

Target market determinations have improved: ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
... circumstances that would reasonably suggest that the target market may no longer be appropriate," ASIC said. ASIC commissioner Sean Hughes said: "Issuing and distributing financial and credit products now requires a consumer-first mindset." "This means ...

SMSF auditors in hot water

CHLOE WALKER  |  WEDNESDAY, 30 NOV 2022
... Hafiz Saroha, Janette Townshend, Yaw Boadi, Brian Carroll, and Linda Ingham are the five auditors reprimanded. ASIC commissioner Sean Hughes said: "SMSF auditors have a fundamental role in promoting confidence in the SMSF sector." "ASIC will apply a ...

ETP naming conventions updated

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2022
... fair, orderly and transparent markets, particularly in the context of ETPs that have unique or novel features," ASIC commissioner Danielle Press said. "The overall reduction in the number of defined labels in our guidance is intended to encourage licensed ...

ASIC welcomes second ASX market resilience consultation

CASSANDRA BALDINI  |  TUESDAY, 1 NOV 2022
... participants to continue implementing and improving the resilience of the Australian equity market during outages. ASIC commissioner Danielle Press said: "ASIC continues to engage with market operators and participants as they implement steps to meet ...

ASIC finds shortcomings in wholesale market practices

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
... interest. Poorer practices were ad hoc, manual, and reflected a lack of prioritisation by participants," ASIC said. ASIC commissioner Danielle Press commented: "Wholesale financial markets, including fixed income, currencies, and commodities markets ...

BFID no hindrance to helping vulnerable members: Panel

CHLOE WALKER  |  WEDNESDAY, 7 SEP 2022
... senior manager, policy David Haynes said super funds could and should be doing more for vulnerable members, while ASIC commissioner Danielle Press agreed and pointed out that the best financial interests duty actually allows for different members to ...

ASIC issues warning over brokers' high-risk offers

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... crypto-assets have the same protections as regulated financial products or they may underestimate the risks." ASIC commissioner Danielle Press said: "Crypto-assets are high-risk, volatile and complex. Brokers should think very carefully before offering ...

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
... or less, the remaining had reporting periods of either six or 12 months. Responding to sample review results, ASIC commissioner Danielle Press said: "We expect all trustees to consider these observations when reviewing their target market determinations. ...