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Showing 441 - 450 of 1901 results for "Authority"

May exam sees 43% pass rate

JAMIE WILLIAMSON  |  MONDAY, 20 JUN 2022
... time the exam has been administered by ASIC following the dissolution of the Financial Adviser Standards and Ethics Authority in December last year.

MSC Group launches Singaporean fund service

CASSANDRA BALDINI  |  FRIDAY, 17 JUN 2022
... capital markets licence. Its wholly owned subsidiary MSC Capital Partners Pte Ltd was issued the licence by the monetary authority of Singapore at the end of May. In Singapore, MSC Group will initially service funds such as trusts, CIV and VCC structures ...

Defective disclosures see Avanteos Investments fined

JAMIE WILLIAMSON  |  WEDNESDAY, 15 JUN 2022
... particularly serious because senior managers within Avanteos were aware of what was happening and that they didn't have the authority to be doing it. "Despite this knowledge, there were no changes made to Avanteos' disclosure documents and the ...

Blackstone one step closer on Crown deal

ANDREW MCKEAN  |  FRIDAY, 10 JUN 2022
The NSW Independent Liquor and Gaming Authority has affirmed Blackstone's suitability to hold a casino license in NSW. This latest regulatory approval paves the way for the private equity manager to become the operator of the Crown Sydney casino. Blackstone ...

AFCA adopts user pays funding model

CASSANDRA BALDINI  |  TUESDAY, 31 MAY 2022
Adopting a 'user pays' model, the Australian Financial Complaints Authority's new funding model will see the vast majority of financial services firms pay the same or less than they have previously. The new funding model follows extensive consultation ...

Rate rise exposes adviser knowledge gap

CHLOE WALKER  |  WEDNESDAY, 25 MAY 2022
... increased education requirements, industry consensus was that the government and the Financial Adviser Standards and Ethics Authority didn't place enough value on on-the-job experience. The present economic climate stands to prove how true that is. Given ...

AFCA adopts case merit assessments

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
The Australian Financial Complaints Authority will permanently adopt a merit assessment process, so that complaints where no error or financial loss has occurred can be identified and excluded quickly. AFCA conducted a three-month pilot program last ...

UK regulator introduces diversity rules for listed entities

JAMIE WILLIAMSON  |  THURSDAY, 21 APR 2022
The UK's Financial Conduct Authority has finalised its rules for listed companies when it comes to disclosure of diversity on boards and executive committees. Under the rules, the boards of listed entities must comprise 40% women and at least one of ...

ASIC takes Federal Court action against Macquarie Bank

ANDREW MCKEAN  |  TUESDAY, 5 APR 2022
... ASIC deputy chair Sarah Court said: "Mr Hopkins misused Macquarie's systems by processing transactions using his fee authority to steal client funds." "Macquarie failed to properly detect and prevent these unauthorised fee transactions, many of which ...

Westpac now an open book on pay

JAMIE WILLIAMSON  |  THURSDAY, 31 MAR 2022
... remuneration, or pay secrecy, contributes to the persistent gender pay gap. According to the Workplace Gender Equality Authority, the full-time gender pay gap in financial services in Australia is 26.9% while the gap for part-time workers is around 29.5%. ...