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Showing 111 - 120 of 2898 results for %22Regulator ASIC%22

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN  |  FRIDAY, 10 NOV 2023
... concluded between five and 14 months before they were publicised. This discrepancy raised red flags for the corporate regulator, troubled by the fact that the historical performance figures presented were notably more favourable than the most recent ...

Adviser levy discount amounts to $8m saving

KARREN VERGARA  |  FRIDAY, 10 NOV 2023
... paying more than listed companies that are apportioned $42,999,175. In other sectors, superannuation trustees will fund regulator activities with $29,603,269 in total. ASIC did not respond to Financial Standard 's request on exactly what drove the ...

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
... clients affected by legal breaches by eight retail OTC derivative issuers, $13 million of which was paid by Binance alone. ASIC said the payments have been made to more than 2000 retail investors since March 2021. In addition to Binance, Capital Com ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023
... follow in 2027-2028. As FS Sustainability reported in June, the proposal includes a three-year transitional period with regulator-only action against directors and reporting entities in relation to forward-looking statements and Scope 3 emissions possible ...

Potential reporting relief for trustees: ASIC

CHLOE WALKER  |  TUESDAY, 7 NOV 2023
... project will make it easier to scrutinise and reliably compare fund and product performance," APRA said. The prudential regulator is also advancing proposals to enhance transparency in how superannuation funds spend and invest members' money. "It's ...

ASIC updates qualified tax relevant provider definition

KARREN VERGARA  |  TUESDAY, 7 NOV 2023
... of a "qualified tax relevant provider" without having to undertake specific courses, according to ASIC. The corporate regulator said it made a one-off update to the Financial Advisers Register on November 3 to record that individuals who are both a relevant ...

Sterling Income Trust executives charged

CHLOE WALKER  |  MONDAY, 6 NOV 2023
... product or service. The maximum penalty for this type of offence is 10 years' imprisonment and/or a fine of nearly $100,000, ASIC said. The Sterling Income Trust was established in 2012 as a funding vehicle for the Perth-based Sterling Group. From 2016 ...

Dispute resolution failures land TelstraSuper in Federal Court

KARREN VERGARA  |  MONDAY, 6 NOV 2023
The corporate regulator is taking TelstraSuper to the Federal Court for allegedly failing to comply with internal dispute resolution requirements. ASIC alleges that 40% of the corporate superannuation fund's responses to complainants during a specific ...

Link revises financial reports after ASIC review

ANDREW MCKEAN  |  FRIDAY, 3 NOV 2023
... compliance with legal standards. To monitor adherence to the Corporations Act 2001 and Australian Accounting Standards, the regulator frequently conducts risk-based reviews of financial statements from selected listed companies and other key public interest ...

Licensees flout breach reporting regime: ASIC

KARREN VERGARA  |  WEDNESDAY, 1 NOV 2023
ASIC warned it is taking tougher action on licensees as they fail to comply with the reportable situations regime two years on. Of the 16,836 reports ASIC received from financial services and credit licensees in the year to June 2023, 17% took over ...