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Showing 21 - 30 of 147 results for "Regulatory Guide"

Licensee compliance head banned over fees for no service

MATTHEW WAI  |  WEDNESDAY, 9 JUL 2025
... The reportable situations regime requires licensees to notify ASIC of reportable situations. ASIC published its Regulatory Guide 78 Breach reporting by AFSL and credit licensees (RG 78) in December 2023.

ASIC releases new relief for reportable situations regime

KARREN VERGARA  |  MONDAY, 30 JUN 2025
... gaps in how they monitored their own compliance with the regime, and deficiencies in incident management. Under Regulatory Guide 78 Breach reporting by AFS licensees and credit licensees, a reportable situation includes significant breaches or likely ...

Study finds 5000 European ESG funds investing in fossil fuels

JAMIE WILLIAMSON  |  THURSDAY, 20 MAR 2025
Close to 5000 European funds being marketed as ESG hold interests in companies involved in fossil fuels, research shows. Close to 5000 funds being marketed as ESG in Europe hold interests in companies involved in fossil fuels, research shows. Analysing ...

ASIC flags regulatory guide updates for 2025

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... from case law about the provisions and other relevant issues. ASIC said it intends to update the guides for: Regulatory Guide 53 The use of past performance in promotional material Regulatory Guide 168 Disclosure: Product Disclosure Statements (and other ...

Advisers must prioritise Conflicts Priority Rule: AFCA

KARREN VERGARA  |  MONDAY, 28 OCT 2024
... prioritising the client's best interests," she told the annual AFCA Forum last week. AFCA typically uses Regulatory Guide 175 Licensing: Financial product advisers-Conduct and disclosure to assess cases. Merely disclosing the conflict is insufficient. ...

Retirement calculators 'can't be counted on': SCA

ANDREW MCKEAN  |  MONDAY, 30 SEP 2024
... default retirement income that was too low or too high for the predicted balance at retirement. According to ASIC's Regulatory Guide 276, a superannuation balance should be drawn down by age 92. However, calculators that project default income in a draw ...

APRA calls out high-cost super platforms

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
... product governance in place to ensure they meet their product design and distribution obligations under ASIC Regulatory Guide 274. This includes determining an appropriate target market and ensuring the distribution of the product is directed towards ...

IFS launches two courses with Kaplan

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... hired employees to the superannuation industry. The second, General Advice Specialisation - Superannuation, meets Regulatory Guide 146 general advice requirements and teaches students how to engage clients effectively and confidently to deliver it. The ...

ASIC calls out sloppy adviser data

KARREN VERGARA  |  MONDAY, 1 JUL 2024
... the determination of the Financial Adviser Exam, Australian Qualifications Framework 1-5 qualifications, and Regulatory Guide 146 training/qualifications. ASIC is also aware of instances where AFSLs are not ensuring the contact details of their financial ...

Will ASIC use AI for advice compliance monitoring?

ANDREW MCKEAN  |  MONDAY, 17 JUN 2024
The rapid expansion of artificial intelligence (AI) applications in the financial advice industry has led to a prediction that ASIC could soon incorporate AI into its compliance and audit checks of advisers. Financial technology firm Padua envisions ...