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Showing 151 - 160 of 211 results for "Consultation Paper 212"

ASIC MDA review requires further clarity: IMAP

ALICE URIBE  |  TUESDAY, 30 APR 2013
The Institute of Managed Account Professionals (IMAP) have maintained that the regulator's insistence on an annual review for managed discretionary account operators (MDAs) is excessive, and will push for a two-year requirement. In its submission to ...

ASIC delays start date for advisers exam

LAURA MILLAN  |  THURSDAY, 11 APR 2013
The Australian Securities and Investments Commission (ASIC) has delayed the implementation of a national examination for financial advisers. ASIC said that the objective is to allow appropriate time for other reforms to be implemented in the financial ...

Managed accounts set for an overhaul

LAURA MILLAN  |  MONDAY, 11 MAR 2013
For the first time in nine years, the country's financial services regulator is placing the managed accounts sector through a comprehensive review, addressing grey areas and fixing major drawbacks that have long derailed the sector's growth. Institutions ...

AFA outlines stance on conflicted remuneration

LAURA MILLAN  |  WEDNESDAY, 27 FEB 2013
The Association of Financial Advisers (AFA) has prepared a document, due for public release shortly, expressing its concerns over the Australian Securities and Investment Commission (ASIC) consultation paper on conflicted remuneration. The AFA already ...

ASIC seeks adviser feedback on FOFA code of conduct

LINDA HAUSKEN  |  THURSDAY, 1 NOV 2012
Following on from ASIC's recent release on the approval of the Future of Financial Advice code of conduct consultation paper, the regulator is calling on further adviser feedback after flagging concerns around three key issues. Australia's corporate ...

ASIC consults on code approval under FOFA

LINDA HAUSKEN  |  WEDNESDAY, 24 OCT 2012
ASIC has released its consultation paper on its approach to code approval and relief powers under the Future of Financial Advice (FOFA) regulations, outlining plans to take a facilitative approach to the implementation of the reforms. Australia's corporate ...

APRA requirements welcomed by sector

BEN COLLINS  |  THURSDAY, 20 SEP 2012
Both sides of the superannuation sector have welcomed revised reporting standards proposed by APRA. New proposals released by the prudential regulator yesterday aim to increase the amount of data required of super funds, bringing them in line with other ...

ISN calls for fast trading moratorium

BEN COLLINS  |  MONDAY, 17 SEP 2012
High frequency trading has the ability to impact long term investors such as superannuation funds and there should be a moratorium in the Australian financial markets on using the systems, said Industry Super Network (ISN). ISN's suggestion is part ...

Treasury seeks to boost APRA powers

MELANIE TIMBRELL  |  THURSDAY, 13 SEP 2012
Proposed new changes from Treasury would see the prudential regulator awarded pre-emptive powers to remove trustees, directors or officers of a superannuation fund where a breach of law was anticipated. The move was part of a broad-reaching consultation ...

UK to ban exotic retail investment products

ALEX DUNNIN  |  THURSDAY, 23 AUG 2012
The UK regulator, the Financial Services Authority (FSA), looks set to ban the promotion of exotic investment products to retail investors, following the release of a consultation paper that said the product class should be restricted to sophisticated ...