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Showing 1 - 10 of 5396 results for %22Regulatory%22

Blockchain mining companies sued by ASIC

ANDREW MCKEAN  |  MONDAY, 15 APR 2024
... send a message to the crypto industry that products will continue to be scrutinised by ASIC to ensure they comply with regulatory obligations in order to protect consumers," ASIC chair Joe Longo said. The Federal Court last week appointed Anthony Connelly ...

ASIC consults on misconduct reporting rules

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
ASIC has released a consultation paper seeking feedback on updated regulatory guidelines for external administrators and controllers when reporting and lodging statutory reports about alleged misconduct. The proposed updates to Regulatory Guide 16 External ...

FCA issues notices to Link Fund Solutions, Woodford

KARREN VERGARA  |  FRIDAY, 12 APR 2024
... Woodford and WIM are not the FCA's final decisions and both parties have the right to make representations to the Regulatory Decisions Committee. In the event that the FCA makes final decisions, it intends to make its findings public at the appropriate ...

ASFA appoints new policy head

ELIZA BAVIN  |  FRIDAY, 12 APR 2024
... views of the whole sector," Koval said. "Our members in the superannuation sector are currently managing a range of regulatory reform conversations, I have seen how strong collaborative industry associations can deliver value by amplifying common views ...

ASIC challenges court ruling in Finder Wallet crypto case

ANDREW MCKEAN  |  THURSDAY, 11 APR 2024
... Sarah Court said that offering a crypto-asset related product doesn't necessarily mean it falls outside the current regulatory regime. "Issuers of financial products such as debentures must issue appropriate risk disclosure documents and develop appropriate ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
Lanterne Fund Services was issued a $1.25 million penalty by the Federal Court for failing to comply with basic obligations, including operating with almost no compliance staff or risk management processes. In July 2022, ASIC issued civil penalty proceedings ...

Court approves wind up of Prospero Markets

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
The Federal Court ordered Prospero Markets to be wound up following an application by the corporate regulator. ASIC has been investigating Prospero Markets for non-compliance with its AFSL conditions and obligations as an OTC derivatives issuer. The ...

DWS appoints new local chief executive

ELIZA BAVIN  |  THURSDAY, 11 APR 2024
DWS has appointed Lidia Tomova as its new chief executive in Australia, from 1 March 2024. Pending regulatory approval, Tomova will also be appointed as chair of DWS Investments Australia. She will also continue in her role as head of coverage, Australia ...

Government introduces company merger overhaul

ANDREW MCKEAN  |  WEDNESDAY, 10 APR 2024
... Council of Australia (BCA) praised the proposed reforms to company mergers as it strikes a balance between economic and regulatory needs. However, the BCA said close consultation will be required to ensure businesses aren't burdened with unintended consequences. ...

Why aged care advice needs tougher regulation

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
... lawyers, accountants, aged care providers, and older Australians, to discuss how aged care advice can be improved from a regulatory standpoint. One key issue is whether individuals and entities who provide aged care financial advice need to be authorised ...
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