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

Search Results

Showing 1091 - 1100 of 8722 results for "Regulator"

ASIC proposes cash equity clearing and settlement rules

ANDREW MCKEAN  |  TUESDAY, 30 JUL 2024
... facilitate competitive outcomes in cash equity clearing and settlement (CS) services provided by the ASX Group. The corporate regulator's release of the consultation paper marks the first exercise of its new powers under the competition in CS reforms. ...

IPO conversations 'sparking interest': Barrenjoey

ANDREW MCKEAN  |  FRIDAY, 26 JUL 2024
... here. We should examine that and things we can change and do better. That would help." ASIC chair Joe Longo said the regulator is very engaged with market participants, including the ASX, hedge funds, key players, and banks. "We're very interested in ...

Build Your Wealth adviser cops ban

KARREN VERGARA  |  FRIDAY, 26 JUL 2024
... and that it failed to take reasonable steps to ensure its representatives complied with financial services laws," the regulator said. Many of the clients were in a self-managed superannuation fund (SMSF) investment structure that subsequently invested ...

WAM calls to save in-person AGMs

ELIZA BAVIN  |  FRIDAY, 26 JUL 2024
Assistant Treasurer Stephen Jones announced this month a review to consider making temporary changes to the Corporations Act to allow hybrid and virtual-only AGMs permanently, a move which Wilson Asset Management chief executive Geoff Wilson said is ...

How advisers can reap additional $2.1bn in revenue

KARREN VERGARA  |  THURSDAY, 25 JUL 2024
Financial advisers are poised to generate $2.1 billion in new revenue over the next five years and add nearly 500,000 clients to their books if they are proactive in managing seven key factors, Deloitte Access Economics says. Despite the enormous regulatory ...

Treasury releases M&A draft reforms

ELIZA BAVIN  |  THURSDAY, 25 JUL 2024
Treasury has released a draft of the intended reforms to Australian merger and acquisitions (M&A) processes. The reforms were flagged by the government back in April, in which it said the new rules would promote competition, protect consumers, and provide ...

ASIC to launch new criminal investigation team

ELIZA BAVIN  |  WEDNESDAY, 24 JUL 2024
... cleanliness work to capture private markets and products in the coming year," ASIC chair Joe Longo said. While the financial regulator said Australia's equity markets continue to operate with a high level on integrity, it flagged two recent instances ...

Remediation professionals told to temper expectations

ELIZA BAVIN  |  WEDNESDAY, 24 JUL 2024
Remediation projects winding up at major firms has created a lot of competition in the job market for wealth compliance and risk candidates, according to a recent Kaizen Recruitment report. The past financial year has seen considerable changes in the ...

Macquarie AM spins off real estate manager

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2024
Macquarie Asset Management (MAM) is launching Manova Partners, a new real estate investment manager. Manova will be spun off from MAM's existing activities in core/core plus real estate business, which currently has €11.4 billion ($18.7bn) of ...

DG Institute to pay near $20m for misleading courses

MATTHEW WAI  |  WEDNESDAY, 24 JUL 2024
The Federal Court has ordered Master Wealth Control, also known as DG Institute, to pay $5 million in fines for "making false and misleading representations" to customers in relation to its educational programs, Real Estate Rescue (PER) and Master Wealth ...