Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 53 results for "Regulator ASIC"

Crypto ETF breaks trading record

KARREN VERGARA  |  FRIDAY, 5 NOV 2021
... launching CRYP. A Bitcoin (1BTC) and an Ethereum (1ETH) exchange-traded fund will soon be made available. Corporate regulator ASIC recently paved the way for crypto ETFs, releasing a guide on admission and monitoring standards, custody, pricing methodologies ...

SCA slams five super funds' junk insurance

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
... living" or ADLs to assess members' ability to work as such tests only identify severe physical incapacity. Regulator ASIC found that the tests are difficult to pass and result in insurance that does not meet members' needs. This year, LUCRF Super ...

Capstone drops jailed adviser

KARREN VERGARA  |  FRIDAY, 15 OCT 2021
... Capstone," Capstone told Financial Standard. While his actions do not lead to automatic disqualifications, corporate regulator ASIC confirmed that it is aware of and considering the issues in relation to Babbage's current authorisations. The FBAA commented ...

ASIC extends SoA relief measure

KARREN VERGARA  |  THURSDAY, 14 OCT 2021
Corporate regulator ASIC is extending the temporary Statement of Advice relief measure until 15 April 2022. This marks the second time that ASIC has extended the relief measure, which enables advisers to replace SoAs with Records of Advice for existing ...

FSC suggests CSLR improvements

KARREN VERGARA  |  MONDAY, 20 SEP 2021
... prevent financial advisers that "have done nothing wrong" from paying for the scheme. The FSC is calling on corporate regulator ASIC to strengthen enforcement of existing laws to prevent the source of unpaid determinations resulting from advice failures. ...

ASIC urged to act on common ownership

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
Corporate regulator ASIC was slammed for its lack of oversight over common ownership and concentration at a parliamentary committee this morning. The Standing Committee on Economics, which discussed the implications of capital concentration and common ...

Funds valued illiquid asset correctly: ASIC

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
Corporate regulator ASIC stopped just short of praising fund managers on how they handled valuing illiquid assets at the height of COVID-19. ASIC found that the responsible entities of the funds were responsive to the increased valuation risks during ...

Financial regulators poised for action

HARRISON WORLEY  |  MONDAY, 16 MAR 2020
... regulators have outlined plans to ensure the local system continues to operate to the best of its capability. Corporate regulator ASIC is kicking off the action, using its market integrity powers to limit the amount of trades allowed to be executed each ...

ASIC bans former Godfrey Pembroke adviser

HARRISON WORLEY  |  THURSDAY, 30 JAN 2020
... financial adviser Adrian John Cassidy has been banned from providing financial services for six years, after corporate regulator ASIC found he acted dishonestly in hiding client recommendations from his licensee, Godfrey Pembroke. According to ASIC ...

Thousands exit Westpac raise

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
... took up the offer, representing a participation rate of roughly 7%. Westpac revealed discussions with corporate regulator ASIC had led the bank to offer investors an exit strategy, after it recognised some investors applied for participation in the SPP ...