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Showing 391 - 400 of 1791 results for "Monitor"

ASIC sues timeshare company

KARREN VERGARA  |  WEDNESDAY, 3 NOV 2021
... describing them as "complex" and costly. Further, ASIC alleges that Ultiqa failed to properly train its representatives, monitor and supervise them, and have documented policies and procedures in place to support the advice process. Ultiqa ceased selling ...

ASIC smooths path for crypto ETFs

ELIZABETH MCARTHUR  |  MONDAY, 1 NOV 2021
ASIC has released guidance for product issuers on crypto exchange traded products, with the industry broadly supporting the regulator's stance. ASIC's good practice guide includes admission and monitoring standards, custody of crypto-assets, pricing ...

Major legislations hit parliament

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... should be the first line of defence to address consumer compensation. For the past nine years there has been no action to monitor insurance coverage in the profession and ensure it is adequate to provide the legally required protection for clients, the ...

CFS joins firms in net zero alignment

ANNABELLE DICKSON  |  THURSDAY, 28 OCT 2021
... CFS set a target to reduce greenhouse gas emissions by 30% from its 2019 levels in its investment portfolios. It will monitor and disclose progress to demonstrate advancement towards the 2030 target. CFS also became a signatory to the investor-led initiative ...

Unlisted asset valuation processes largely inadequate: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 27 OCT 2021
In reviewing decisions made by super funds in relation to unlisted assets early last year, APRA has found an overreliance on external parties like fund managers and asset consultants by some, possibly to the detriment of members. It also found instances ...

Super executives switching options in conflict: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
ASIC has released the results of surveillance into investment switching by super fund executives during market volatility at the start of the pandemic, finding possible conflicts of interest. ASIC looked at a sample of 23 trustees (including trustees ...

No proof of member benefit: APRA on super fund spends

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
APRA has found instances of expenditure by superannuation funds that does not meet the best financial interests of members, including sponsorship deals and advertising spends with no evidence of member benefit. Releasing its review of RSE licensee marketing ...

BT identifies Panorama outage cause

ELIZABETH MCARTHUR  |  MONDAY, 25 OCT 2021
BT has identified the cause of its $147 billion platform being down for a week, with new chief executive Matt Rady making assurances for the future. Disruption to BT Panorama started on Monday, August 2 and full service was not restored until Sunday ...

Former Spectrum chief cops additional bans

KARREN VERGARA  |  WEDNESDAY, 20 OCT 2021
... financial services; and may be involved in the contravention of financial services laws in the future. Schroeder failed to monitor and supervise Spectrum's representatives, which was "indicative of a culture that promoted growth over compliance", the ...

ASIC extends SoA relief measure

KARREN VERGARA  |  THURSDAY, 14 OCT 2021
... measures are set out in ASIC Corporations (COVID-19-Advice-related Relief) Instrument 2021/268. ASIC said it will continue to monitor the appropriateness of these temporary relief measures as circumstances change and may consider ending the relief before ...