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Showing 281 - 290 of 479 results for "ASIC Commissioner"

RG 133 review reveals poor compliance

EMMA RAPAPORT  |  THURSDAY, 22 JUN 2017
... concerns and several entities reviewed will now be subject to separate surveillance. Commenting on the review, ASIC commissioner John Price said that compliance by the financial services industry with RG 133 and the class orders will remain a priority. ...

Funds management not up to scratch: ASIC

EMMA RAPAPORT  |  WEDNESDAY, 14 JUN 2017
... funds, responsible entities are expected to act lawfully and in the interests of the investors they represent," ASIC commissioner John Price said. "As a minimum, responsible entities must ensure a managed investment scheme is operated in accordance with ...

ASIC delays super disclosure reforms

ALEX BURKE  |  FRIDAY, 2 JUN 2017
... about their portfolio holdings. ASIC previously delayed dashboard reforms in November last year. At the time, ASIC commissioner Greg Tanzer said the decision was final.

ASIC cancels AFSL, bans former executives and fund managers

JAMIE WILLIAMSON  |  TUESDAY, 30 MAY 2017
... licensees fail to meet those obligations, ASIC will act to remove them from the financial services industry," ASIC commissioner John Price said. The corporate regulator was also recently successful in the Supreme Court of Queensland, with the court disqualifying ...

Macquarie to pay $2m following ASIC probe

ALEX BURKE  |  MONDAY, 22 MAY 2017
... financial markets and the proper functioning of this market is of vital importance to the Australian economy," ASIC commissioner Cathie Armour said. "ASIC has now accepted undertakings from some of Australia's largest market participants to put in place ...

ASIC bans former Avestra directors

ALEX BURKE  |  WEDNESDAY, 17 MAY 2017
... enabled Avestra to act with a systematic and serious disregard of its fiduciary and regulatory obligations." ASIC commissioner John Price added: "The findings of the Federal Court in this matter make very clear that responsible entities are required ...

Poor compliance sees AFSL suspended

JAMIE WILLIAMSON  |  MONDAY, 1 MAY 2017
... and custodial or depository services other than investor directed portfolio services for wholesale clients. ASIC commissioner John Price said: "Licensees are required to lodge financial statements and auditor reports with ASIC to demonstrate their capacity ...

ASIC signs fintech agreement with Indonesia

EMMA RAPAPORT  |  MONDAY, 24 APR 2017
... Providers are offering services including insurance, investment, financing, peer-to-peer lending and crowd funding. ASIC Commissioner John Price commented that fintechs should not be constrained by national borders and that it is fundamental that Australia ...

ASIC cancels responsible entity AFSL

EMMA RAPAPORT  |  WEDNESDAY, 12 APR 2017
... timeframe; and notify ASIC of significant breaches within the required timeframe. Commenting on the cancellation, ASIC commissioner John Price said, "A responsible entity needs to ensure a managed investment scheme is operated in accordance with the ...

Adviser ban upheld by tribunal

KARREN VERGARA  |  TUESDAY, 4 APR 2017
... information such as information about capital raisings - even when following a client's direct instructions," ASIC commissioner Cathie Armour said. Batros was an authorised representative with financial services licensee Morgans Financial, between January ...