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Showing 391 - 400 of 1464 results for "Investments Commission"

Australia has softer approach to corporate wrongdoing

LAURA MILLAN  |  FRIDAY, 21 MAR 2014
... softer approach than other countries to corporate wrongdoing, a report by the Australian Securities and Investments Commission (ASIC) released today found. Report 387 Penalties for corporate wrongdoing compared penalties in Australia with those in other ...

Government limits general advice exemption in FoFA amendments

LAURA MILLAN  |  THURSDAY, 20 MAR 2014
... and financial product recommended must be issued or sold by the licensee. The Australian Securities and Investments Commission (ASIC) will monitor the use of conflicted remuneration provisions related to general advice on complex products and will report ...

FOS model outdated, in need of major change

LAURA MILLAN  |  WEDNESDAY, 12 MAR 2014
... independent review that the FOS has undertaken in five years, this is despite the Australian Securities and Investments Commission (ASIC) requiring that it "must commission regular independent reviews." The CRN review found that industry stakeholders ...

Financial Adviser convicted of 'tombstoning': ASIC

HARRY PAGE  |  THURSDAY, 6 MAR 2014
The Australian Securities and Investments Commission (ASIC) has convicted Pavan Vyas for dishonest conduct after pleading guilty to 'tombstoning'. In August 2013, Vyas pleaded guilty to two charges of dishonest conduct after 'tombstoning', which involves ...

ASIC drops planned MDA changes

JAMES FERNYHOUGH  |  THURSDAY, 6 MAR 2014
... the regulation of managed discretionary accounts (MDAs) will not go ahead, the Australian Securities and Investments Commission (ASIC) has announced. In a consultation paper released in March last year, ASIC put forward a lengthy proposal for tightening ...

Advice numbers and client claims hit PIS results

LAURA MILLAN  |  MONDAY, 3 MAR 2014
... information about the ongoing monitoring program that started in July 2013 after the Australian Securities and Investments Commission (ASIC) expressed concern over PIS' compliance processes. PIS said that the program is "in good progress" and said that ...

Regulators must enforce rules, not write them: Brogden

JAMES FERNYHOUGH  |  FRIDAY, 28 FEB 2014
... financial regulators, the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC), have too often strayed into the arena of writing regulations. While he said the FSC supports the "twin peaks" ...

AIA pays advisers to move to hybrid commission

LAURA MILLAN  |  THURSDAY, 27 FEB 2014
... Australia will pay advisers who move to a hybrid commission model, despite the Australian Securities and Investments Commission (ASIC) concerns on inappropriate insurance switching. The insurer said that a hybrid structure could increase the value of ...

FoFA changes could start before May: Sinodinos

LAURA MILLAN  |  WEDNESDAY, 26 FEB 2014
... amendments could come into effect "earlier than May." The senator was asked during the Australian Securities and Investments Commission (ASIC) appearance to the Senate Standing Committee on Economics whether the government would pass the FoFA amendments ...

La Trobe mortgage fund gets "Strong" rating

STAFF WRITER  |  WEDNESDAY, 26 FEB 2014
... which holds a retail Australian Financial Services Licence (AFSL) issued by the Australian Securities & Investments Commission (ASIC) meaning that it is the only ratings agency in Australia licensed to issue credit ratings on debt securities and products ...