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Showing 261 - 270 of 463 results for "Subsequently"

CBA, ASIC move to resolve AFSL conditions

KANIKA SOOD  |  WEDNESDAY, 10 APR 2019
... "The compliance breaches identified were failures by CBA to meet strict deadlines for providing information to. CBA subsequently rectified these failures by writing to the clients after the deadlines," the report states. "As a final step, before ASIC ...

Sole purpose test divides industry

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... discount card at the former retail behemoth. The scheme attracted the attention of both APRA and the ATO, and was subsequently banned in 2002 for being inconsistent with the sole purpose test. "This [Coles Myer offer] was quite topical at the time and ...

Equity Trustees acquires superannuation trustee

KARREN VERGARA  |  TUESDAY, 26 FEB 2019
... 18,000 members across traditional, accumulation and pension products. The transaction is due to finalise next month. Subsequently, the trustee role for the fund will be transferred from ZAS to Equity Trustees Superannuation. Equity Trustees managing ...

Hedge fund veteran joins Aura

KARREN VERGARA  |  WEDNESDAY, 6 FEB 2019
... funds-of-funds operation at Colonial First State in 2001 and became the head of hedge funds at Pengana Capital in 2003. He subsequently joined Ascalon Capital as head of distribution in 2014, representing their suite including Ramius Capital, Mariner ...

NAB to end financial planning compliance issue

HARRISON WORLEY  |  TUESDAY, 15 JAN 2019
... loss to NAB FP clients. After investigating further, the bank found more than 2500 NAB FP clients were impacted and subsequently all were contacted, either through their financial adviser or various communications methods including registered mail, phone ...

APRA not clear how to police BEAR breaches

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... are undertaking a broader review of approach to enforcement, it didn't make sense to put something out on BEAR if subsequently then we are going to change that." The Banking Executive Accountability Regime is the second time that APRA has received direct ...

UBS fined for careless conduct

DARREN SNYDER  |  WEDNESDAY, 21 NOV 2018
... trading. UBS' internal training was not sufficient. UBS' internal controls were not effective," ASIC said. "UBS has subsequently adopted remedial measures including conducting further training for the traders, updating the equities desk manual, and is ...

Special Report: Hitting new ETF goals

KARREN VERGARA  |  FRIDAY, 16 NOV 2018
... tools. During the GFC, broker dealers pulled back from the cash bond market to conserve capital, shed assets and subsequently meet more stringent regulatory requirements. Consequently, inventories of cash bonds reduced and investors searched for alternatives. ...

SMSFs most affordable: Research

KARREN VERGARA  |  THURSDAY, 18 OCT 2018
... introduced in 2017, the report said. However, the cost disclosure reform has been mostly discredited in a report subsequently issued by ASIC in July that acknowledged it unfairly penalised not-for-profit (NFP) funds. Still, an estimated $2.2 billion ...

ASIC appeal convicts former CBA planner

KARREN VERGARA  |  THURSDAY, 4 OCT 2018
... Gillespie was fined $3000 but was not convicted after pleading guilty to a rolled-up charge of forgery. The CDPP subsequently filed a notice of appeal against the sentence on the basis that it was "manifestly inadequate." In ordering a conviction, Judge ...