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Showing 101 - 110 of 478 results for "ASIC Commissioner"

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. ...

ASIC working to improve breach reporting regime

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
... of the regime, as well as improve the efficiency of ASIC's data collection and analysis," the regulator said. ASIC commissioner Sean Hughes said the regulator is seeking "common-sense solutions". "ASIC will consider whether enhancements are required ...

ASIC flags 'significant' IDR compliance issues at super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
... risk. When done well, dispute resolution can benefit trustees by helping build members' trust and confidence," ASIC commissioner Danielle Press said. "However, the first stage of ASIC's surveillance about internal dispute resolution practices of ...

OTC derivatives provider loses licence, executives banned

CASSANDRA BALDINI  |  THURSDAY, 14 JUL 2022
... integrity, judgement, and diligence to play a role in the management or control of a financial services provider. ASIC commissioner Danielle Press said: "ASIC's investigation uncovered concerning consumer losses from trading in CFDs, including a Sirius ...

Subjects of Royal Commission case study found guilty in court

CHLOE WALKER  |  MONDAY, 11 JUL 2022
... new customers to provide the contact details of friends and family without consent. Commenting on the case, ASIC commissioner Sean Hughes said: "In making findings of unconscionable conduct, the Court has emphasised that consumers must have the opportunity ...

ASIC releases guidance on super, retirement calculators

ANDREW MCKEAN  |  TUESDAY, 5 JUL 2022
... ASIC's relief are exempt from certain regulatory requirements related to providing personal financial advice." ASIC commissioner Danielle Press stated: "Superannuation calculators and retirement estimates are important tools that can help consumers engage ...

ASIC urges market to improve outage resilience

CASSANDRA BALDINI  |  WEDNESDAY, 29 JUN 2022
... test cases and practice recovery strategies or switching to alternative arrangements for critical dependencies. ASIC commissioner Danielle Press said despite progress and the market balancing changes and volatile trading conditions, there is considerably ...

Former adviser charged over faked books

CHLOE WALKER  |  TUESDAY, 28 JUN 2022
... for reasons including that he did so while licensed under two different groups. Commenting on the sanction, ASIC commissioner Danielle Press said: "Financial advisers have a critical role to play in helping consumers make confident and informed decisions ...

Performance test comms criticised

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
... union representative body, so our concerns were communicated more generally throughout the industry," ASIC said. ASIC commissioner Danielle Press said the performance test supports transparency of product performance for members so they can make more ...