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Showing 271 - 280 of 1235 results for "licensees"

Super fund disclosure rules finalised

ANDREW MCKEAN  |  MONDAY, 5 SEP 2022
... forum to ask questions about all areas of the entity's performance and operations." "The regulations ensure that RSE licensees are required to disclose an appropriate amount of information to members, while keeping compliance costs low to preserve ...

ASIC issues warning over brokers' high-risk offers

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... such claims should carefully consider whether they are in breach of financial services laws. Finally, ASIC reminded licensees to ensure they effectively monitor and supervise any brokers that are operating as authorised representatives under their licence. ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... to MobiSuper. "This practice was not focussed on what was best for the consumer. ASIC will continue to work to ensure licensees comply with the law and correctly monitor their corporate authorised representatives to prevent poor promotional behaviour," ...

Not ruling anything out: Insignia Financial

CASSANDRA BALDINI  |  FRIDAY, 26 AUG 2022
... Elsewhere, its investor presentation showed the group will look to simplify in the coming 12 months, reducing its RSE licensees to one, funds to one, platforms to one to two and products to 20. Mota explained the business is still determining where those ...

Insignia Financial profits jump 59% to $234.5m

CASSANDRA BALDINI  |  THURSDAY, 25 AUG 2022
... it will continue its simplification strategy with the aim of translating to scale. A forward target is to reduce RSE licensees to one, funds by one, platforms to one to two and products to 20. As recently announced the sale of its Australian Executor ...

Remediation bills revealed amid call for levy freeze extension

JAMIE WILLIAMSON  |  WEDNESDAY, 24 AUG 2022
... has also recommended the creation and application of retrospective regulations to cordon off and charge the six large licensees at the time - being AMP, Macquarie, ANZ, CBA, NAB and Westpac - directly under a separate and specific levy for the cost of ...

ASIC highlights strategic priorities

CASSANDRA BALDINI  |  TUESDAY, 23 AUG 2022
... authorisation status of existing advisers who have not passed by the relevant date. Following that, it will engage with licensees who have not removed advisers from the register as required. ASIC plans to engage with licensees and advisers to ensure ...

ASIC research guides retail investment regulations

ANDREW MCKEAN  |  THURSDAY, 11 AUG 2022
... previously reported by Financial Standard, ASIC issued a warning to finfluencers who discuss financial products and the licensees who use them, threatening substantial penalties of their content contravenes financial services law. Cognisant of more than ...

ASIC working to improve breach reporting regime

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
... Regulatory Portal for lodging reports. We will also consider whether further practical guidance should be developed to assist licensees in meeting their obligations," he said. He added that Treasury will also be engaged to determine how the regime is ...

APRA to improve strategic planning, member outcomes rules

JAMIE WILLIAMSON  |  MONDAY, 1 AUG 2022
... considerations are embedded and integrated across an RSE licensee's business operations." APRA said the outcomes sought by licensees are not always clearly defined in an objectively measurable way and some demonstrate limited consideration as to how ...