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Showing 1341 - 1350 of 8724 results for "Regulator"

ASIC makes adviser exam changes

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2024
ASIC confirmed it is amending the financial adviser exam in accordance with the government's changes. Amendments to the exam were registered last week, following a consultation that wrapped up on January 10. ASIC has now also updated the relevant guidance. ...

Volatility an opportunity for skilled active managers: GSFM

ANDREW MCKEAN  |  WEDNESDAY, 24 JAN 2024
The looming threat of sporadic, extreme market volatility presents an opportunity for active managers to capitalise on fluctuating asset values, GSFM advisor Stephen Miller says. At an event yesterday, Miller described the current financial landscape ...

Australian Ethical super chief goes for growth in 2024

ANDREW MCKEAN  |  TUESDAY, 23 JAN 2024
... it expects super funds to demonstrate an understanding of ESG risks and opportunities in investment activities. The regulator also demanded that funds demonstrate how stewardship activities contribute to investment value. Piper welcomes the heightened ...

ME Bank fined $820k for misleading borrowers

CHLOE WALKER  |  MONDAY, 22 JAN 2024
... prosecuted by the Commonwealth Director of Public Prosecutions, followed an investigation and referral by ASIC. The regulator found the bank sent 589 letters to home loan customers between 25 May 2018 and 3 September 2018, informing them of incorrect ...

Penta Capital fined for fabricated FUM

KARREN VERGARA  |  MONDAY, 22 JAN 2024
... that it has been operating for 25 years when in fact it was established around 5 May 2022, according to the corporate regulator. ASIC also rebuffed Penta Capital's claim that it was affiliated with the Financial Services Council, Australian Investment ...

Standalone laws key to solving legislative 'porridge': ALRC

JAMIE WILLIAMSON  |  FRIDAY, 19 JAN 2024
In its final report on the 'confusing maze' of financial services laws, the Australian Law Reform Commission (ALRC) has recommended overhauling the Corporations Act and creating dedicated financial services legislation. The ALRC has been reviewing existing ...

Adviser registration deadline moves to February 16

KARREN VERGARA  |  FRIDAY, 19 JAN 2024
... summer holiday period, ASIC is providing AFS licensees an additional two weeks to register their relevant providers," the regulator said. The change of date comes amidst the Financial Advice Association Australia (FAAA) flagging this week that some 6000 ...

CFS Edge launches Cboe products

CHLOE WALKER  |  FRIDAY, 19 JAN 2024
Financial advisers using Colonial First State's (CFS) new platform CFS Edge can now access quoted products from Cboe Australia (Cboe). Cboe Australia president Emma Quinn said the new partnership is the latest step in Cboe's journey to provide local ...

Advisers urged to check ASIC registration status

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2024
Despite the February 1 deadline fast approaching, the Financial Advice Association Australia (FAAA) says there's close to 6000 financial advisers who are still not registered with ASIC. Under the Financial Sector Reform (Hayne Royal Commission Response ...

Finnfund names chief investment officer

CHLOE WALKER  |  WEDNESDAY, 17 JAN 2024
Hanna Loikkanen will become chief investment officer of Finland's state-owned development financier and impact investor. Loikkanen, a seasoned financial services executive with over 30 years of experience, has been on the fund's board since May 2020. ...