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

Search Results

Showing 21 - 30 of 61 results for "Class Order"

RG 133 review reveals poor compliance

EMMA RAPAPORT  |  THURSDAY, 22 JUN 2017
Custodians and responsible entities of managed investment schemes with asset holding requirements are falling short of ASIC expectations, showing generally poor levels of understanding and compliance with Regulatory Guide 133. These findings form part ...

Barclays fined following ASIC investigation

JAMIE WILLIAMSON  |  FRIDAY, 24 MAR 2017
... Capital Asia (BCAL) and UK-domiciled Barclays Capital Securities (BCSL) - had significantly breached conditions of the class order licensing exemptions they were operating under. The entities also failed to notify the regulator of the breaches within ...

mFund to expand product offering

JAMIE WILLIAMSON  |  THURSDAY, 22 DEC 2016
... only apply for and redeem interests in simple managed investment schemes with a shorter PDS, but a revision to the Class Order will facilitate a wider range of managed investment products to be issued and redeemed via mFund. The ASX has applied to ASIC ...

Client needs to drive transitioning businesses

JAMIE WILLIAMSON  |  TUESDAY, 4 OCT 2016
... needs of their clients in order to identify the best means of achieving business sustainability in light of recent MDA class order revisions, according to Mason Stevens. The managed accounts provider welcomed the reforms made by ASIC last month, with ...

ASIC consulting over managed investment schemes

DARREN SNYDER  |  WEDNESDAY, 1 JUN 2016
The Australian Securities and Investments Commission is proposing to remake its class order on differential fees for registered managed investment schemes, extending it beyond a 2017 expiration. ASIC said in its view the class order is operating effectively ...

ASIC accepts J.P. Morgan enforceable undertaking

ALEX BURKE  |  THURSDAY, 19 NOV 2015
... independent expert, establish a remediation plan and then undertake a "hindsight review." "It is fundamental to the class order relief granted to foreign financial service providers to disclose to clients that they are exempt from holding an Australian ...

PROFILE: HESTA chief executive Debby Blakey

LAURA MILLAN  |  WEDNESDAY, 8 APR 2015
... external technology provider that built up a system in record time: "In July 2009, ASIC released RG 200 providing Class Order Relief to facilitate the provision of simple, single issue financial advice to members of super funds. Within three weeks, we ...

Tight regulation getting in the way of digital advice: Minter Ellison

LAURA MILLAN  |  MONDAY, 22 SEP 2014
... simple tools, Minter Ellison said. "While [the Australian Securities and Investments Commission] ASIC has issued a class order in relation to calculators, the conditions mean that very few providers can rely on it even for simple calculators that do ...

IFS caught investing in unregistered schemes

LAURA MILLAN  |  WEDNESDAY, 28 MAY 2014
Industry Fund Services (IFS) has breached an Australian Securities and Investments Commission (ASIC) class order by incorrectly investing client funds into an unregistered managed investment scheme. IFS recently changed their investment options after ...

Lawyer exposes ASIC favours to big players

LAURA MILLAN  |  THURSDAY, 3 APR 2014
... revealing fees in the online superannuation calculators. "Starting in 2004 IFSA aggressively lobbied ASIC to issue a class order that would amend the Corporations Act so IFSA's members could offer online calculators that would not comply with the act's ...