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Showing 11 - 20 of 48 results for "Regulator ASIC"

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 ...

Westpac gives investors an out

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
... purchase plan investors caught unaware by AUSTRAC's action against the bank. Following discussions with corporate regulator ASIC, Westpac has opted to provide a withdrawal option for applicants to its share purchase plan who applied for shares before ...

ASIC warns trustees on employer inducements

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
Corporate regulator ASIC is reinforcing the illegality of superannuation funds inducing employers and the serious consequences that come with breaching the new law. ASIC released Infosheet 241 on Wednesday, reminding trustees that influencing employers ...

Ban unsolicited life insurance sales: Poll

KARREN VERGARA  |  MONDAY, 29 JUL 2019
An overwhelming number of Financial Standard readers have backed corporate regulator ASIC's move to ban the unsolicited sales of life insurance. Ninety-four percent of participants, who voted in a spot poll conducted last week, said life insurance ...

Asset manager reshuffles board

HARRISON WORLEY  |  THURSDAY, 11 JUL 2019
... the recent return of chief executive officer Nicholas Bolton, who left the firm in November 2015 after corporate regulator ASIC ordered his ousting. ASIC's order expired while Bolton had been appealing the decision through the Administrative Appeals ...

ASIC marks AFCA milestone

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
Corporate regulator ASIC said it has approved the Australian Financial Complaints Authority's complaint resolution rules, marking a significant milestone in time for its November 1 launch. ASIC gave the green light on the AFCA's complaint resolution ...