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Showing 161 - 170 of 1335 results for "Corporations"

Sequoia seeks Takeovers Panel intervention

KARREN VERGARA  |  FRIDAY, 17 MAY 2024
... additional Sequoia shares resulting in increases in collective voting power above 20% in the company and breaches Corporations Act section 606. While Sequoia is not seeking interim orders, the panel said it wants the shareholders to "give Sequoia a corrective ...

Crescent Capital sells down ClearView stake

ELIZA BAVIN  |  FRIDAY, 17 MAY 2024
... not consider that any of Crescent Capital Partners or the Crescent Funds control ClearView for the purposes of the Corporations Act," ClearView said.

Wholesale investor test reform has several ramifications: SIAA

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... ensure it takes into account all possible consequential impacts." On March 20, a Parliamentary Joint Committee on Corporations and Financial Services launched an inquiry into the entire wholesale investor testing framework. Key facets such as application ...

ANZ confirms ASIC investigation

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... said it understands ASIC is investigating suspected contraventions of several provisions of the ASIC Act and the Corporations Act but did not elaborate. "ANZ takes compliance with its regulatory obligations seriously and is co-operating fully with ASIC," ...

Federal Court rejects two CBA class actions

KARREN VERGARA  |  MONDAY, 13 MAY 2024
... Yates said in his decision on May 10 that the applicants could not establish the bank contravened s 674(2) of the Corporations Act, which forces listed entities to commit to continuous disclosure requirements, with respect to knowing about the AML/CTF ...

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
... significant ruling as the first court outcome against a non-cash payment facility involving crypto. BPS violated the Corporations Act by operating without an AFSL and lacked authorisation from a licence holder to issue or provide financial advice about ...

Almost one third fail adviser exam

KARREN VERGARA  |  TUESDAY, 30 APR 2024
... to the practical scenarios tested in the exam, ASIC said. "This is the first exam to reflect the amendments in the Corporations (Relevant Providers-Education and Training Standards) Amendment (2024) Measures No. 1) Determination 2024." Assistant treasurer ...

ASIC hits back at parliament: 'Simply not realistic'

ELIZA BAVIN  |  TUESDAY, 30 APR 2024
... Investments Commission (ASIC) chair Joe Longo had some choice words when addressing the Parliamentary Joint Committee on Corporations and Financial Services today. When questioned over its capacity to respond to people who approach the regulator seeking ...

MSC Certane wins Suncorp mandate

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... Exchange (ASX) from 15 May 2024 (ASX: SUNPJ). As the trustee for the notes offer, MSC Group was appointed under the Corporations Act to act on behalf of holders to ensure the issuer can meet its obligations. MSC Group managing director Matthew Fletcher ...

ASIC cancels AFSL of JB Markets

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... resources to provide the financial services covered by the licence and to carry out supervisory arrangements. Under the Corporations Act, ASIC may suspend or cancel an AFSL if a licensee fails to meet its general obligations under section 912A including ...