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Showing 11 - 20 of 5419 results for %22Regulatory%22

ASIC issues warning over scammers using fake AFSLs

ELIZA BAVIN  |  FRIDAY, 3 MAY 2024
ASIC has issued a fresh warning over the increase in the sophistication of fake bond and term deposit scams. ASIC said scammers are impersonating little-known legitimate financial services businesses, often those without a website or digital footprint. ...

Poor investment governance costly for asset owners, members: KPMG, Frontier

ANDREW MCKEAN  |  WEDNESDAY, 1 MAY 2024
... survey respondents said they need to examine their investment portfolios through too many lenses - return, risk, peers, regulatory benchmarks, and ESG. Moreover, 33% of those surveyed feel there is too much focus on the short-term - and the long-term ...

Treasury shakes up foreign investing framework

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2024
Treasury is promising to make Australia a better investment hub for foreigners as it lays out comprehensive reforms to make the system "stronger, more streamlined, and more transparent". Treasurer Jim Chalmers today released an updated foreign investment ...

ASIC hits back at parliament: 'Simply not realistic'

ELIZA BAVIN  |  TUESDAY, 30 APR 2024
Australian Securities and Investments Commission (ASIC) chair Joe Longo had some choice words when addressing the Parliamentary Joint Committee on Corporations and Financial Services today. When questioned over its capacity to respond to people who ...

AFM Investment Partners brings new feeder fund to Australia

ELIZA BAVIN  |  MONDAY, 29 APR 2024
... fund offers tailored access for Australian investors." The feeder fund would provide access to the two funds, local regulatory cover and reporting for domestic wholesale clients. The plan is that Vasco Trustees will provide the Australian fund administration. ...

Link shareholders approve takeover

ELIZA BAVIN  |  FRIDAY, 26 APR 2024
... last year. MUFG will pay $2.26 cash for every Link share, inclusive of a $0.16 dividend. The takeover still requires regulatory approval, but once granted the acquisition should be complete in May 2024. Link said on May 1 shares will be suspended on ...

FSC expands financial advice membership

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... financial advice reform debate. "The financial services industry is at its strongest when it speaks with a unified voice on regulatory and policy issues that impact the sector and its consumers," he said. "The FSC has a leading role unifying the industry ...

Auditors lambast mandatory climate reporting requirements

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... long term, in the best financial interests of the entity and its shareholders." Longo said ASIC will develop and issue regulatory guidance on climate-related financial disclosures that will include a new regulatory guide for the climate reporting regime ...

ASIC cancels AFSL of JB Markets

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian Financial Services Licence (AFSL) of JB Markets effective from 12 April 2024. ASIC said JB Markets failed to comply with the financial requirements of its AFSL ...

Macquarie Bank to pay $10m for unauthorised fee transactions

ELIZA BAVIN  |  MONDAY, 22 APR 2024
The Federal Court has ordered Macquarie Bank to pay a penalty of $10 million for failing to have effective controls to prevent and detect unauthorised fee transactions conducted by third parties, such as financial advisers, on customer cash management ...