Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1461 - 1470 of 2383 results for "Rule"

UBS fined $30,000 for decimal point mistake

MARK SMITH  |  FRIDAY, 19 JUL 2013
... transaction caused the price of the ETF to fall 99%. The MDP said it had reasonable grounds to believe that UBS contravened Rule 5.9.1 of the ASIC Market Integrity Rules (ASX Market) 2010 (MIR 5.9.1), and thereby contravened section 798H(1) of the Corporations ...

Govt introduces new infra tax break

JAMES FERNYHOUGH  |  MONDAY, 15 JUL 2013
The Federal government has introduced a new tax incentive aimed at encouraging private sector investment in infrastructure. The new rules will only apply to infrastructure projects considered to be 'nationally significant', and amends rules around the ...

Wellington forced to pay ASIC's cost of appeal

LAURA MILLAN  |  FRIDAY, 12 JUL 2013
Wellington Capital will be forced to cover the costs incurred by the Australian Securities and Investments Commission (ASIC) after the regulator brought legal proceedings against the responsible entity of the Premium Income Fund (PIF). The cost of the ...

US regulator lifts hedge fund advertising ban

MARK SMITH  |  FRIDAY, 12 JUL 2013
The US regulator has lifted a ban, allowing hedge funds to advertise to the general public for the first time in 80 years. The ban was intended to protect unsophisticated investors from high risk, illiquid investment pools. The Securities and Exchange ...

ASIC finalises OTC derivatives reporting rules

MARK SMITH  |  FRIDAY, 12 JUL 2013
The Australian Securities and Investments Commission (ASIC) has issued its final rules around over-the-counter (OTC) derivatives trade reporting for financial institutions. The regime is set out in a package of rules and guidance released by ASIC today ...

Lonsec shuts door on rating 'shopping' with new rankings

MARK SMITH  |  THURSDAY, 4 JUL 2013
Research house Lonsec has added two new ratings, including one which gives greater transparency for instances where a product is removed from the rating process - a practice used by managers to avoid unfavourable ratings. From 1 July, new Australian ...

ASIC urged to extend 'wet signatures' exemption

MARK SMITH  |  WEDNESDAY, 3 JUL 2013
... the door for smaller investors to trade managed funds more easily via the ASX. ASIC is seeking consultation on a proposed rule-change exempting investors trading via the AMFS from the need to provide a physical signed application form from the investor ...

Gonski urges Australia to look long-term

MARK SMITH  |  FRIDAY, 28 JUN 2013
The Australian financial services industry is too focused on short-term results and must find ways to focus on and promote long-term success for investors, according to David Gonski. The chair of the Future Fund board of guardians said the investment ...

FSC lobbies Rudd for last minute FoFA delay

MARK SMITH  |  THURSDAY, 27 JUN 2013
The Financial Services Council (FSC) has asked new Prime Minister Kevin Rudd for a last-minute delay to the commencement of the Future of Financial Advice (FoFA) and StrongerSuper reforms. Due to begin on July 1, the FSC has lobbied for a 12-month delay ...

Global ETF regulation proposed

ALEX DUNNIN  |  THURSDAY, 27 JUN 2013
The International Organisation of Securities Commission (IOSCO) has issued a report outlining how it wants exchange traded investment vehicles regulated globally. The report was triggered by the rush of money that poured into ETFs and similar products ...