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Showing 11 - 20 of 211 results for %22ASX Settlement%22

ASIC, RBA set high expectations for ASX

KARREN VERGARA  |  WEDNESDAY, 30 AUG 2023
... regulators. The Advisory Group, led by chair Alan Cameron, will oversee several issues incurred by ASX Clear and ASX Settlement following longstanding industry concerns over the botched CHESS replacement program. ASIC and the RBA expect the ASX to "consult ...

Super, retirement unit cushions Link's massive loss

KARREN VERGARA  |  MONDAY, 28 AUG 2023
... the HESTA contract announcement," Link said. However, other major super fund clients flagged that they will stick with the ASX-listed technology provider. Rest renewed its partnership for five years, while AustralianSuper signed on for another two years. ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... Resort (BOLR) terms. Its changes caused a marked reduction in the practice valuations of AMP Financial Planning advisers. In an ASX announcement, George said: "We have booked a $50 million provision in response to the judgment in the Financial Adviser ...

ASX appoints former ASIC chair to lead advisory group

CASSANDRA BALDINI  |  THURSDAY, 3 AUG 2023
... Following the roundtable, ASIC said it's prepared to use a range of regulatory options to ensure that ASX Clear and ASX Settlement adhere to the regulators' expectations with respect to the advisory group. Longo said a letter penned by ASIC and ...

Review forces ASX to fix intra-group conflicts

KARREN VERGARA  |  MONDAY, 31 JUL 2023
... conflicting commercial interests among the parent company as a listed entity and its subsidiaries, ASX Clear and ASX Settlement, with respect to the current governance of CHESS and its long-drawn-out replacement. HSF was tasked by the Reserve Bank of ...

ASIC to host CHESS replacement roundtable

CHLOE WALKER  |  MONDAY, 17 JUL 2023
... invited to attend the roundtable, drawn from different stakeholder sectors and fields of expertise. Longo said it is vital that ASX gets its stakeholder engagement on the CHESS replacement right. "Ultimately all parties, including ASX, will need to be ...

Selfwealth chief in sudden exit

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
The chief executive of online trading platform Selfwealth has left the ASX-listed firm with "immediate effect". Cath Whitaker vacated the top job she assumed in April 2021. Paul Cullinan, currently the interim chief financial officer, will assume the ...

ASX consultation: Time to say goodbye to mFund?

ANDREW MCKEAN  |  FRIDAY, 7 JUL 2023
The ASX has started a consultation process concerning the potential wind-down and closure of mFund. The market operator is seeking feedback from industry stakeholders on their preferences for transacting in managed funds via the ASX, and the proposed ...

Macquarie terminates alternatives fund

CASSANDRA BALDINI  |  WEDNESDAY, 24 MAY 2023
... 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 2023. Macquarie said ...

ASIC bans former Gleneagle fund manager

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... selling of shares on 150 occasions totalling over $7 million from 19 January to 27 August 2021. Tolpigin sold shares on the ASX through accounts held with Gleneagle and associated entities. But he didn't own or borrow the shares at the time he placed ...