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Showing 421 - 430 of 472 results for "ASIC Commissioner"

New hedge fund rules for post-GFC environment

MELANIE TIMBRELL  |  WEDNESDAY, 19 SEP 2012
... investors following recent high-profile cases of fraud. Addressing the Australian Hedge Fund Forum yesterday, ASIC commissioner Greg Tanzer said the rules had been strongly influenced by the $176 million collapse of Trio Capital, where money was invested ...

ASIC unveils primary school teaching package

ALEX DUNNIN  |  MONDAY, 13 AUG 2012
... Adelaide last week. A resource package for secondary schools is on track for release in December. Peter Kell, ASIC Commissioner, said, "The key to effective financial literacy education is to start young. We need to engage students and their families ...

Regulators on post-Trio watch

BEN COLLINS  |  THURSDAY, 2 AUG 2012
... Investments Commission (ASIC) could never guarantee that a similar scenario would not occur again, Peter Kell, ASIC commissioner, said that changes had been made. "What we do realise is that we need to be more effective in picking up industry intelligence ...

ASIC raises bar on OTC derivatives

MELANIE TIMBRELL  |  WEDNESDAY, 1 AUG 2012
... increase in minimum net tangible asset (NTA) requirements for retail over-the-counter (OTC) derivative issuers. ASIC commissioner Greg Tanzer said the new requirements had been developed to help ensure AFS licensees have adequate resources to effectively ...

ASIC eyes off UL property

BEN COLLINS  |  WEDNESDAY, 18 JUL 2012
... improved to meet both the legal obligations of the responsible entities and good practice within the industry. ASIC commissioner, Greg Tanzer, said ASIC chose responsible entities operating unlisted property schemes because they are a popular investment ...

Cold calling scammer gets 10 year ban

LINDA HAUSKEN  |  TUESDAY, 26 JUN 2012
... investor funds, previously frozen following ASIC action, will be distributed to investors on a pro-rata basis. ASIC Commissioner Peter Kell said the removal of unscrupulous operators from the financial services sector was critical to creating an environment ...

ALI penalised after compliance failures

BEN COLLINS  |  WEDNESDAY, 20 JUN 2012
... applications submitted by authorised representatives and the adequacy of compliance resources used by ALI Group. ASIC commissioner Peter Kell said that confidence in the financial services industry depends on licensees having robust compliance procedures ...

ASIC issues short PDS guidance

BEN COLLINS  |  TUESDAY, 19 JUN 2012
... superannuation and managed investment products to eight pages is a great improvement for consumers and business,' said ASIC Commissioner John Price. Price said that industry participants were still considering some aspects of the application of the shorter ...

ASIC streamlines AFS licence process

LINDA HAUSKEN  |  WEDNESDAY, 13 JUN 2012
... documents electronically, and certified true copies of background credential checks known as 'People Proofs'. ASIC commissioner, Greg Tanzer, said these changes will save industry time and money, especially important for small business operators. "These ...

ASIC warns against fake investment group

LINDA HAUSKEN  |  TUESDAY, 12 JUN 2012
... Strategies Pty Ltd are an unrelated dance studio, while calls to their various phone numbers no longer answered. ASIC Commissioner Greg Tanzer said investors need to be cautious when offered unsolicited investment advice. "Making a few basic checks on ...