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Showing 1111 - 1120 of 8719 results for "Regulator"

Data concerns land Fiducian with additional licence conditions

JAMIE WILLIAMSON  |  TUESDAY, 16 JUL 2024
Fiducian Portfolio Services has been slapped with additional licence conditions by APRA, as the regulator looks to address concerns ahead of the annual performance test. APRA said it identified issues with the accuracy and completeness of data submitted ...

BitConnect promoter hit with good behaviour

KARREN VERGARA  |  TUESDAY, 16 JUL 2024
The promoter of BitConnect who pleaded guilty to spruiking a fraudulent scheme has been handed a good behaviour order and escaped jail time. The District Court of New South Wales ordered John Bigatton on good behaviour for three years, starting from ...

ASIC, APRA provide FAR update

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
... their directors, and most senior executives. As part of the new update, ASIC and APRA have released an amendment to the regulator rules, which prescribes the key functions information for inclusion in the FAR register of accountable persons for insurance ...

ASIC delivered court win over Firstmac DDO failure

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
ASIC won its first Federal Court action in relation to breaches of design and distribution provisions against non-bank lender and investment manager Firstmac over a cross-selling strategy for investment products. The Federal Court found yesterday that ...

Insignia Financial overhauls operating model, executive team

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
Just a day after denying it has engaged Citi to consider takeover offers, Insignia Financial has overhauled its entire operating model and executive lineup. Insignia Financial is moving away from its current functional operating model and introducing ...

Fiji National Provident Fund hunts active fund managers

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2024
The Fiji National Provident Fund (FNPF) is seeking active fund managers to oversee two strategies. The country's superannuation fund is on the hunt for fund managers to invest on behalf of its Global Listed Developed Market Equity Strategy 1 and Global ...

Adviser permanently banned for faking qualifications

JAMIE WILLIAMSON  |  TUESDAY, 9 JUL 2024
... was dishonest and demonstrated the opposite of integrity, sound judgment, trustworthiness, and professionalism," the regulator said. "Cojag has informed ASIC of its client review and remediation measures in response to Mr Vee's conduct. Cojag have ...

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... Economics References Committee on ASIC's investigation and enforcement released last week called for a review of how the regulator is funded. In 2022-23, ASIC employed around 1800 staff and received $426 million in government funding. This marks a 22% ...

Stake to operate under its own AFSL

ANDREW MCKEAN  |  MONDAY, 8 JUL 2024
Stake currently provides financial services as an authorised representative of Sanlam Private Wealth and global payments giant Airwallex; both hold an AFSL. But soon, Stake will operate under its own AFSL, offering services as an authorised representative ...

ASX delistings outpacing new market entries

ELIZA BAVIN  |  MONDAY, 8 JUL 2024
The latest EQT ASX Group Monthly Activity Report for June 2024 highlighted a significant trend of ASX delistings outpacing new market entries last financial year. The report suggested investors were increasingly pivoting towards private markets in search ...