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Showing 141 - 150 of 1905 results for "disclosure"

Trustees, advisers have 'insufficient focus' on performance

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... Kirkland revealed of the 29 options identified by trustees, 24 had not met the performance benchmark in the product disclosure statement for five or more years. Of those 24 options, 12 were identified under the trustees' own processes for performance ...

ASIC flags regulatory guide updates for 2025

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... update the guides for: Regulatory Guide 53 The use of past performance in promotional material Regulatory Guide 168 Disclosure: Product Disclosure Statements (and other disclosure obligations) Regulatory Guide 181 Licensing: Managing conflicts of interest ...

ASIC issues new guidance on DBFO reforms

KARREN VERGARA  |  FRIDAY, 22 NOV 2024
... costs charged need to be consistent with the sole purpose test, ASIC told trustees. INFO 291 FAQs: FSGs and website disclosure information includes references to ASIC's recently made instrument that allows AFS Licensees or their representatives dealing ...

ClearView's share price tanks 31%

KARREN VERGARA  |  TUESDAY, 19 NOV 2024
... ASX pressed the company if it knew the information it was releasing was market sensitive and if it was complying with disclosure rules. ClearView reiterated it is compliant with the disclosure rules. "CVW has never given market guidance for FY25 and ...

Treasury consults on beneficial ownership disclosure reforms

JAMIE WILLIAMSON  |  FRIDAY, 15 NOV 2024
The government is again consulting on its plans to increase disclosure requirements in relation to ownership of listed entities. Treasury has commenced a second consultation relating to its plans to implement a public beneficial ownership register ...

Size of super industry on ASIC's radar

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
... said ASIC is watching the space carefully. "These are the sorts of questions we are asking. We are the conduct and disclosure regulator, so what part are we playing in answering those question? One element is in terms of... financial disclosures," Constant ...

Second bidder enters SelfWealth takeover talks

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... transaction. Selfwealth will continue to keep shareholders informed about the proposals in accordance with its continuous disclosure obligations." This week, the board agreed that BFG's proposal was "compelling" and recommended shareholders to vote ...

JP Morgan subsidiaries fined $230m by regulator

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2024
The fine relates to several failures by J.P. Morgan Securities and J.P. Morgan Investment Management, including recommending more expensive mutual funds when almost identical ETFs were available much cheaper. J.P. Morgan Securities (JPMS) and J.P. Morgan ...

Gap exists between licensees' AI use and governance processes: ASIC

MATTHEW WAI  |  TUESDAY, 29 OCT 2024
... don't have policies in place that consider consumer fairness or bias. Many also don't have policies governing the disclosure of use of AI; only 10 did. AI is commonly used in credit decisions and management, marketing, fraud detection, insurance ...

ASIC secures win against HCF Life

ELIZA BAVIN  |  TUESDAY, 29 OCT 2024
... Additionally, ASIC said section 47 of the Insurance Contracts Act (ICA) prevents insurers from excluding coverage for non-disclosure of a pre-existing condition if the customer was not aware of it when taking out the insurance. Justice Jackman said that ...