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Showing 1311 - 1320 of 6463 results for "Regulatory"

Former van Eyk chief cops permanent ban

KARREN VERGARA  |  FRIDAY, 8 SEP 2023
The former chief of van Eyk Research Mark Thomas has copped a permanent ban from working in financial services by the corporate regulator. ASIC's banning order follows the former research house chief's sentencing last November when he pled guilty ...

IFM Investors puts $46m into energy retail sector

CHLOE WALKER  |  FRIDAY, 8 SEP 2023
... performance and accelerate our growth," Duncan said. The transaction is expected to complete in September, pending regulatory approval. It's the fourth investment for the IFM Growth Partners 2 fund.

AustralianSuper sued over multiple accounts

JAMIE WILLIAMSON  |  FRIDAY, 8 SEP 2023
In a first-of-its-kind case, ASIC is taking AustralianSuper to court over its failure to properly monitor and consolidate multiple accounts on behalf of members for close to a decade. In May, AustralianSuper announced it would be refunding close to ...

APRA finds signs of step change in remuneration practices

ANDREW MCKEAN  |  THURSDAY, 7 SEP 2023
APRA has found early signs of change in the remuneration practices of financial services entities in a review of how Prudential Standard CPS 511 has been applied. In a letter to all APRA-regulated entities, the regulator said it was pleased with the ...

Macquarie flags asset management challenges

CASSANDRA BALDINI  |  THURSDAY, 7 SEP 2023
... present costs (NPC) fell for its asset management to $2.342 million in FY23 from $3.029 million in FY22. Providing a regulatory update, Macquarie said it's been working with APRA on a remediation plan that strengthens its governance, culture, structure ...

ASIC cracks down on CFDs, OTC derivatives

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... DDO. Based on its findings, ASIC warned that it will not hesitate to take further action on issuers that dismiss their regulatory obligations. ASIC found that some TMDs reviewed lacked sufficient granularity and needed to use more specific and detailed ...

Government passes FAR legislation

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
The Financial Accountability Regime (FAR) passed the upper and lower houses of parliament yesterday, more than four years after it was first introduced. The Financial Accountability Regime Bill 2023 will apply to the banking industry six months after ...

Financial hardship neglect lands Westpac in court

KARREN VERGARA  |  TUESDAY, 5 SEP 2023
ASIC is suing Westpac for neglecting more than 200 customer hardship requests over seven years, for which the bank blames "technology failure". ASIC commenced civil penalty proceedings in the Federal Court, alleging that Westpac failed to respond to ...

K2 told to freeze distribution of fund

JAMIE WILLIAMSON  |  MONDAY, 4 SEP 2023
ASIC placed an interim stop order on a residential property fund promoted by K2 Asset Management due to issues with its target market determination (TMD). K2 Asset Management cannot distribute the Storehouse Residential Trust or any information about ...

Complii grows through MIntegrity acquisition

CASSANDRA BALDINI  |  MONDAY, 4 SEP 2023
... cross-selling its service offering to a wider client base. According to the group, MIntegrity's solutions include a digital regulatory web service called RegsWeb that combines MIntegrity's regulatory domain expertise with access to its digital regulatory ...