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Showing 111 - 120 of 476 results for "ASIC commissioner"

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 ...

ASIC reviews super calculators

KARREN VERGARA  |  FRIDAY, 19 NOV 2021
... proposing greater flexibility to trustees to tailor forecasts based on their members' investment strategies. ASIC commissioner Danielle Press said superannuation calculators and retirement estimates can help consumers think ahead about what role ...

ASIC issues warning to finfluencer sponsors

KARREN VERGARA  |  WEDNESDAY, 10 NOV 2021
... that pay finfluencers to advertise products and services about potential breaches of financial advice laws. ASIC commissioner Cathie Armour said some listed companies are flocking to finfluencers for a fast and effective way to promote investment products ...

ASIC outlines ROA guidance

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
... information will provide clarity and certainty to financial advisers about when and how they can use ROAs," ASIC commissioner Danielle Press said. "ASIC is committed to supporting the advice industry in its efforts to ensure everyday Australians can ...

ASIC smooths path for crypto ETFs

ELIZABETH MCARTHUR  |  MONDAY, 1 NOV 2021
... must be considered by product issuers and market operators in meeting their existing regulatory obligations," ASIC commissioner Cathie Armour said. "The good practices we published provide practical examples of how these obligations may be met, in a ...

Super executives switching options in conflict: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
... potential conflict, resulting in a lack of restrictive measures and oversight to adequately counter this risk," ASIC commissioner Danielle Press said. "This is very concerning given the level of sophistication and governance required of trustees when ...