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Showing 431 - 440 of 479 results for "ASIC Commissioner"

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 ...

ASIC highlights CFD compliance issues

BEN COLLINS  |  FRIDAY, 1 JUN 2012
... "The client money provisions are an important safeguard to protect the interests of retail investors," said ASIC Commissioner Greg Tanzer. "ASIC expects issuers to know and comply with their obligations under the law and to put in place effective measures ...

ASIC warns industry about misusing term independent

LINDA HAUSKEN  |  THURSDAY, 3 MAY 2012
... order to assess the extent of the problem of inappropriate usage of the term 'independent'," said Peter Kell, ASIC commissioner. Kell said, ASIC's first priority is to ensure people are receiving the information they need to make informed and confident ...

ASIC flags guidance on code approval

MELANIE TIMBRELL  |  WEDNESDAY, 2 MAY 2012
... opt-in. Speaking yesterday at a joint Association of Financial Advisers / Financial Services Council event, ASIC commissioner Peter Kell said the guidance would address a number of issues, including the requirement to do a fact find when giving scaled ...