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Showing 431 - 440 of 476 results for "ASIC commissioner"

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 ...

FPA calls on ASIC for clearer advice definitions

LINDA HAUSKEN  |  WEDNESDAY, 2 MAY 2012
... advice examples were poor, 3% were deemed good quality advice and the remaining 58% were adequate. Peter Kell, ASIC commissioner, said a challenging aspect of our research, both for ASIC and for your industry, was that many consumers were not well equipped ...

ASIC permanently bans CFD dealer

BEN COLLINS  |  MONDAY, 23 APR 2012
... money on day-to-day living expenses, as well as to fund various payment entitlements to the investors,' said ASIC commissioner Peter Kell. 'We want to ensure that product providers in the financial services sector act with honesty and integrity. If they ...

Flaws in advice system revealed by ASIC report

ELISE BURGESS  |  WEDNESDAY, 28 MAR 2012
... advice examples were poor, 3% were deemed good quality advice and the remaining 58% were adequate. Peter Kell, ASIC commissioner, said the results highlighted the scope for significant improvement in retirement advice with several areas where the financial ...