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Showing 11 - 20 of 5409 results for "Regulatory"

Equity Trustees scores Woodbridge mandate

ELIZA BAVIN  |  MONDAY, 22 APR 2024
... Torrington said. "The reduction of real estate financing by Australian and New Zealand banks, driven by market dynamics and regulatory changes, has created an opportunity in the lending market. We believe this trend will continue, and this new fund will ...

Adam Blumenthal ordered to pay $850k

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
The Federal Court has ordered former director of EverBlu Capital and Creso Pharma Adam Blumenthal to pay $850,000 and be disqualified from managing corporation for five years for market rigging and breaching director duties. The court found Blumenthal ...

Financial advice exodus has 'bottomed out': ClearView

ELIZA BAVIN  |  WEDNESDAY, 17 APR 2024
... positioned to support double-digit underlying NPAT growth. It said it was "future proofing" the business to prepare for regulatory changes and a new cohort of financial advisers that are engaging customers by social media, podcasts, and digital tools. ...

Blockchain mining companies sued by ASIC

ANDREW MCKEAN  |  MONDAY, 15 APR 2024
... send a message to the crypto industry that products will continue to be scrutinised by ASIC to ensure they comply with regulatory obligations in order to protect consumers," ASIC chair Joe Longo said. The Federal Court last week appointed Anthony Connelly ...

ASIC consults on misconduct reporting rules

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
ASIC has released a consultation paper seeking feedback on updated regulatory guidelines for external administrators and controllers when reporting and lodging statutory reports about alleged misconduct. The proposed updates to Regulatory Guide 16 External ...

FCA issues notices to Link Fund Solutions, Woodford

KARREN VERGARA  |  FRIDAY, 12 APR 2024
... Woodford and WIM are not the FCA's final decisions and both parties have the right to make representations to the Regulatory Decisions Committee. In the event that the FCA makes final decisions, it intends to make its findings public at the appropriate ...

ASFA appoints new policy head

ELIZA BAVIN  |  FRIDAY, 12 APR 2024
... views of the whole sector," Koval said. "Our members in the superannuation sector are currently managing a range of regulatory reform conversations, I have seen how strong collaborative industry associations can deliver value by amplifying common views ...

ASIC challenges court ruling in Finder Wallet crypto case

ANDREW MCKEAN  |  THURSDAY, 11 APR 2024
... Sarah Court said that offering a crypto-asset related product doesn't necessarily mean it falls outside the current regulatory regime. "Issuers of financial products such as debentures must issue appropriate risk disclosure documents and develop appropriate ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
Lanterne Fund Services was issued a $1.25 million penalty by the Federal Court for failing to comply with basic obligations, including operating with almost no compliance staff or risk management processes. In July 2022, ASIC issued civil penalty proceedings ...

Court approves wind up of Prospero Markets

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
The Federal Court ordered Prospero Markets to be wound up following an application by the corporate regulator. ASIC has been investigating Prospero Markets for non-compliance with its AFSL conditions and obligations as an OTC derivatives issuer. The ...