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

Search Results

Showing 11 - 20 of 76 results for "Settlement Service"

Experience pathway enshrined in legislation

KARREN VERGARA  |  FRIDAY, 8 SEP 2023
... Settlement. ASIC now has new rule-making power to facilitate competitive outcomes in the provision of clearing and settlement service, while the ACCC has new arbitration powers to oversee disputes about the "terms and conditions of access to clearing ...

ASX consultation: Time to say goodbye to mFund?

ANDREW MCKEAN  |  FRIDAY, 7 JUL 2023
... preferences for transacting in managed funds via the ASX, and the proposed process for phasing out the mFund settlement service. Launched in 2014, mFund was conceived to simplify the way investors accessed unlisted managed funds, while simultaneously ...

Macquarie terminates alternatives fund

CASSANDRA BALDINI  |  WEDNESDAY, 24 MAY 2023
... Fund will have a few options going forward. It explained that for investments other than through the mFund Settlement Service (mFund) operated by the ASX, investors may fully redeem their investment at any time before 1pm Sydney time on Friday 23 June ...

ASX expands partnership program criteria

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2023
... technology transformation programs. Separately, the ASX flagged it is considering the future of the ASX Managed Fund Settlement Service or mFunds and will release a consultation paper in June seeking industry feedback. Less than 10 years old, mFunds ...

Government targets ASX dominance

ANDREW MCKEAN  |  FRIDAY, 24 MAR 2023
... authority, the Reserve Bank of Australia (RBA) will be granted powers to set rules for the conduct of clearing and settlement service facilities. Meanwhile, the ACCC will have the ability to make binding arbitration decisions to resolve disputes related ...

ASX names new managing director

CASSANDRA BALDINI  |  THURSDAY, 2 JUN 2022
Helen Lofthouse will be the first female to hold the position of managing director and chief executive at the bourse. Lofthouse joined the ASX in 2015 as a member of the executive leadership team and replaces Dominic Stevens who was appointed in 2016. ...

ASX seeks to improve investment products offering

CHLOE WALKER  |  THURSDAY, 28 APR 2022
... stakeholders to provide feedback on management fees and costs, performance reporting, liquidity support, the mFund settlement service, and improving the information available to investors about investment products. This submission will be phase one of ...

Active Super adds board director

JAMIE WILLIAMSON  |  THURSDAY, 11 NOV 2021
The $14 billion industry superannuation fund will welcome a new board director next month, appointed to a four-year term. Liverpool City Council's Nathan Hagarty will join Active Super's board on December 5 as an employer-nominated director. ...

FinClear to acquire BNY subsidiary

KARREN VERGARA  |  THURSDAY, 10 JUN 2021
BNY Mellon is offloading its local execution and settlements business to FinClear for an undisclosed amount. FinClear is set to takeover Pershing Securities Australia in a bid to scale and enhance Holder Identification Number (HIN)-based platform services. ...

AUSIEX launches, announces leadership team

KARREN VERGARA  |  TUESDAY, 8 JUN 2021
Commonwealth Bank's former trading platform for financial advisers, now known as AUSIEX, has unveiled its executive lineup after being acquired by a Japanese firm. CommSec Adviser Services (CAS) has rebranded to AUSIEX (Australian Investment Exchange) ...