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Showing 161 - 170 of 695 results for "Financial products"

ASIC takes civil action against Firstmac

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... scheme. Under the DDO, ASIC said Firstmac is required to take reasonable steps to ensure that it distributes financial products consistent with the target market determination (TMD) for each product. ASIC has alleged that in marketing and distributing ...

Target market determinations have improved: ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
... needs of their consumers. These obligations are not a box ticking exercise, but a new page in the regulation of financial products in Australia." Hughes added that this review is part of a series of initiatives ASIC is undertaking to address compliance ...

ASIC launches civil action against American Express

CASSANDRA BALDINI  |  TUESDAY, 6 DEC 2022
... deputy chair Sarah Court said the DDO embeds a consumer-centric approach for the issuers and distributors of financial products. "Product providers must monitor and review whether consumers are receiving products consistent with their needs and cannot ...

UK regulator looks to simplify advice

JAMIE WILLIAMSON  |  FRIDAY, 2 DEC 2022
... the end of February. "Now more than ever, people across the UK should have access to useful and affordable financial products and services which can improve their quality of life and support the economy," FCA executive director of markets Sarah Pritchard ...

ASIC sues crypto fintech over unlicensed advice

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2022
... 2022, about 240 clients had deposited funds into the products. "We are concerned that Block Earner offered financial products without appropriate registration or an AFSL, leaving consumers without important protections. Simply because a product hinges ...

ASIC appeals CFS, CBA decision

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
... potential to cause significant consumer harm because it can prevent consumers from receiving appropriate advice and financial products free of influence."

ASIC sues BPS Financial over crypto claims

CASSANDRA BALDINI  |  TUESDAY, 25 OCT 2022
... the regulator will take targeted action against unlicensed conduct and misleading promotion of crypto-asset financial products that could harm consumers. "This is a key priority for ASIC. Crypto assets are highly volatile, inherently risky, and complex. ...

Cboe Global Markets, SBI Holdings sign MoU

ANDREW MCKEAN  |  TUESDAY, 25 OCT 2022
... cooperation and planned joint business initiatives between the two firms in equities, digital assets, and other financial products and services, subject to any applicable regulatory approvals," a Cboe statement said. "The MoU creates the opportunity ...

Hejaz launches Sharia-compliant ETFs

CHLOE WALKER  |  MONDAY, 17 OCT 2022
... award-winning funds, we are taking an important step towards our goal of providing high-performing, ethical financial products to Australian Muslims, he added. "Hejaz is also planning to launch a third ETF before the end of the year, providing retail ...

Court dismisses Mayfair 101 appeal

JAMIE WILLIAMSON  |  TUESDAY, 11 OCT 2022
... regulator. "ASIC pursued this case through the Federal Court because of the importance of accurate advertising of financial products. We were concerned that the advertising by the Mayfair 101 Group represented that their products were of a similar risk ...