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Showing 11 - 20 of 338 results for %22Regulatory Guide 97%22

Licensees shun remediation obligations: ASIC

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
... framework that lacks appropriate oversight and accountability. ASIC measured large licensees against standards in Regulatory Guide 277 Consumer Remediation and found several gaps that could lead to poor consumer outcomes. Many are narrowing the remediation ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... engaging with their own members. As an example, he uses the current state of retirement income products. ASIC Regulatory Guide 38 The hawking prohibition states that a trustee can call a member "with information about different retirement income products ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... requirements. Jones will defer the review of time-sharing schemes (Recommendation 13.6), until Treasury's review into the regulatory framework for managed investment schemes. A boon for super funds Superannuation funds will be given more leeway to ...

FSC updates TMD template for fund managers

ANDREW MCKEAN  |  THURSDAY, 8 JUN 2023
The Financial Services Council (FSC) released an updated template Target Market Determination (TMD) to promote regulatory best practice in the funds management industry. This follows ASIC's recent regulatory action against Spaceship and Mitrade Global ...

It's the year of the raise, says Hays

JAMIE WILLIAMSON  |  THURSDAY, 1 JUN 2023
... in demand. This is followed by hardships/retention roles, client services managers, operational risk managers, and regulatory compliance managers. As for salaries currently on offer, in Sydney a business development manager in superannuation and funds ...

Spirit Super rectifies regulatory breach

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
... some of the expenses over the 2021-22 financial year, which was met using reserves, wasn't mentioned in the fund's member guide, fees and costs fact sheet, or in member statements. "A proportion of expenses for 2021-22 financial year were paid out of ...

APRA finalises rules for financial crisis readiness

ANDREW MCKEAN  |  FRIDAY, 19 MAY 2023
... disruptions in the event of institutional instability. Yesterday, APRA finalised CPS 900 and its accompanying Prudential Practice Guide (CPG 190). APRA chair John Lonsdale said the finalisation of these standards is an important milestone in the regulators ...

ClearView appoints chief executive

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
... said. "Over the last few years, he has successfully guided the business through a period of enormous disruption, and regulatory and structural change. He leaves the business strongly positioned to continue its growth and capitalise on an improving life ...

ASIC updates breach reporting guidelines

KARREN VERGARA  |  FRIDAY, 28 APR 2023
... can help reduce regulatory burdens for financial advisers. The corporate watchdog detailed several changes to Regulatory Guide 78 Breach reporting by AFS licensees and credit licensees, following consultation from the likes of super funds, financial ...

New Australian digital assets bill to regulate crypto

ANDREW MCKEAN  |  THURSDAY, 30 MAR 2023
... 2023. The Digital Assets Bill 2023 aims to transform Australia's digital asset landscape by implementing a robust regulatory framework for cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs). This legislation also seeks to ...