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Showing 111 - 120 of 632 results for %22UK Financial Services Authority%22

AFCA weeds out phony complaints

ELIZABETH MCARTHUR  |  FRIDAY, 30 JUL 2021
... any financial harm. AFCA received feedback from financial institutions, particularly small to medium sized financial services businesses, that they were incurring costs dealing with complaints that had no merit and in which no financial harm was done ...

Six new ombudsmen at AFCA

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
... Australian Financial Complaints Authority welcomed six ombudsmen to the fold, three of which came from the financial services sector. ANZ head of legal, dispute resolution group Louise McAuliffe, and Westpac practice leader for business lending legal ...

ASIC bans adviser, cancels AFSL

ANNABELLE DICKSON  |  THURSDAY, 22 JUL 2021
... group's AFS licence over misconduct. Adam Bevan was an authorised representative and sole director of Trade Wind Financial Services. ASIC banned Bevan after he failed to act in the best interests of three clients after he failed to make enquiries about ...

ASIC spells out IDR reporting

ANNABELLE DICKSON  |  TUESDAY, 20 JUL 2021
... regulator has released the internal dispute resolution (IDR) reporting documents including a data dictionary and glossary. Financial firms across the industry will be the first to test the documents in a pilot later this year in what marks the next step ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... Australians and the Australian economy," federal Treasurer Josh Frydenberg and minister for superannuation and financial services Jane Hume said in a statement on Friday. FAR was part of the Hayne Royal Commission's recommendations 3.9, 4.12, 6.6 ...

Fund managers failing value assessments: FCA

KARREN VERGARA  |  THURSDAY, 8 JUL 2021
... managers are falling short of delivering value to investors and justifying their fees, a review from the UK's financial services regulator reveals. A review of 18 fund managers between July 2020 and May 2021 by the Financial Conduct Authority found ...

ASIC cancels BBY licence

KANIKA SOOD  |  TUESDAY, 29 JUN 2021
The corporate regulator has cancelled the Australian financial services licence held by stockbroker BBY Limited, after suspending it in May 2015 for three years. BBY's AFSL will go until 31 March 2022 only for the purposes of giving clients access to ...

UK bans crypto exchange Binance

ELIZABETH MCARTHUR  |  MONDAY, 28 JUN 2021
... other entity in the group holds UK authorisation, registration or licence to conduct regulated activity in financial services in the UK either. In curious timing, two days before the FCA's announcement Binance put out a statement saying it had received ...

Better Advice regulations hit parliament

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
... and giving ASIC greater powers over the industry are closer to becoming law. The minister for superannuation, financial services and the digital economy Jane Hume introduced The Financial Sector Reform (Hayne Royal Commission Response - Better Advice) ...

Government to create ASIC, APRA regulator

ANNABELLE DICKSON  |  THURSDAY, 24 JUN 2021
... tabled in parliament. The legislation noted: "While both regulators are accountable to the parliament, the Financial Services Royal Commission noted that parliamentary committees, including Senate Estimates, have some limitations in assessing the effectiveness ...