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Showing 101 - 110 of 471 results for "ASIC Commissioner"

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 ...

ASIC helps issuers avoid greenwashing

CASSANDRA BALDINI  |  TUESDAY, 14 JUN 2022
... and efficient market outcomes here. Misdirected investment here will inevitably be at great economic cost." ASIC commissioner Sean Hughes added the area remains a primary focus. "ASIC is continuing to monitor the market and will be looking for misleading ...

ASIC pushes super governance improvements

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 APR 2022
... "Appropriate governance is integral to maintaining consumer trust and confidence in the superannuation industry," ASIC commissioner Danielle Press said. "This is not something you can set and forget. Trustees must have conflict management arrangements ...

Regulators fret over hobby traders

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 MAR 2022
... mis-labelling and misleading disclosure - all of which have the potential to undermine confidence and stability," ASIC commissioner Sean Hughes said. "The Retail Market Conduct Task Force has provided a timely opportunity to compare our experiences with ...

ASIC issues warning to finfluencers

JAMIE WILLIAMSON  |  MONDAY, 21 MAR 2022
... that influencers who discuss financial products and services online comply with the financial services laws," ASIC commissioner Cathie Armour said. "If they don't, they risk substantial penalties and put investors at risk." Research undertaken by ...

ASIC to strengthen market integrity rules

KARREN VERGARA  |  FRIDAY, 11 MAR 2022
... exchange for physical orders is due to be removed. Some of the amendments will take place as early as June 10. ASIC commissioner Cathie Armour said: "As we have seen in the past, such as with the November 2020 ASX outage, failures in these areas can ...

ASIC sets out limited advice expectations

KARREN VERGARA  |  THURSDAY, 2 DEC 2021
... difference is that INFO 267 sets out more details about complying with the best interests duty and other rules. ASIC commissioner Danielle Press said: "ASIC recognises that many consumers prefer to seek limited and specific advice rather than comprehensive ...

New members on Markets Disciplinary Panel

JAMIE WILLIAMSON  |  THURSDAY, 2 DEC 2021
... will ensure that the MDP will continue to have the expertise, experience and diversity to perform that role," ASIC commissioner Cathie Armour said. "ASIC welcomes the new appointees and thanks the retiring members for their service and valuable contributions ...