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Showing 151 - 160 of 340 results for %22Regulatory Guide 97%22

Small licensees are PI insurance compliant: ASIC

KARREN VERGARA  |  WEDNESDAY, 30 AUG 2017
... aimed to determine if the licensees were complying with defence costs, fraud and dishonesty requirements under Regulatory Guide 126. Only three licensees were found to be problematic in not meeting defence or legal cost requirements, which must be taken ...

Super funds on notice over disclosure deadline

DARREN SNYDER  |  MONDAY, 28 AUG 2017
... their obligations," the regulator said. Following the release of Report 398 in November 2015, ASIC issued updated Regulatory Guide 97 - Disclosing fees and costs in PDSs and periodic statements to bring greater consistency and transparency to fees reporting. ...

Uniformity required to combat cyber threats

JAMIE WILLIAMSON  |  THURSDAY, 17 AUG 2017
... Deloitte, despite the frequency of global cyber-attacks increasing and becoming more sophisticated, the lack of uniform regulatory policy is poses a challenge to organisations attempting to thwart would-be attacks. "There are no significant steps yet ...

Crestone appoints banking executive

EMMA RAPAPORT  |  MONDAY, 31 JUL 2017
... look forward to his counsel and guidance." McDonald added Hawkins' independent counsel and direct knowledge of the regulatory and technology shifts impacting the Australian financial services sector will help to guide Crestone's strategic positioning. ...

FOFA breach sees former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2017
... Price said. ASIC said the banning should serve as a reminder to financial advisers of their obligations under Regulatory Guide 175 Licensing: Financial product advisers - conduct and disclosure, including guidance on complying with the best interest ...

RG 133 review reveals poor compliance

EMMA RAPAPORT  |  THURSDAY, 22 JUN 2017
... requirements are falling short of ASIC expectations, showing generally poor levels of understanding and compliance with Regulatory Guide 133. These findings form part of an ASIC report outlining an extensive review of 21 responsible entities and custodians. ...

ASIC enters new era as industry funding model passes

ALEX BURKE  |  FRIDAY, 16 JUN 2017
... ASIC's own transparency and accountability will be enhanced through the publication of its expenditure, performance and regulatory priorities. ASIC chair Greg Medcraft said the new model "is an important milestone not just for ASIC, but also for the ...

Centrepoint streamlines adviser transitioning

JAMIE WILLIAMSON  |  THURSDAY, 8 JUN 2017
... Centrepoint, Karen Machovsky said the portal eases the transition process, which can be arduous and bogged down by regulatory issues and paperwork. "We thought long and hard about what we could do to reduce the burden on the transitioning adviser, as ...

ASIC consults on new statement of advice

EMMA RAPAPORT  |  WEDNESDAY, 31 MAY 2017
... consultation paper seeks feedback on the new example Statement of Advice (SOA) and related updates to the guidance in Regulatory Guide 90 - Example Statement of Advice: Scaled advice for a new client (RG 90). The design of the new example SOA has been ...

IRESS partnership aids RG 97 compliance

KARREN VERGARA  |  WEDNESDAY, 31 MAY 2017
... alignment will make sourcing the trade data easier and quicker, she added, particularly when it comes to ASIC's Regulatory Guide 97, which requires superannuation and managed investment product issuers to disclose fees and costs clearly. "As a result ...