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Showing 471 - 480 of 3474 results for "Compliance"

ASIC consults on misconduct reporting rules

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
... administrators and controllers: Reporting of possible offences and misconduct (RG16) seeks to clarify ASIC's expectations for compliance with reporting obligations. The consultation is in response to feedback from industry associations, professional ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... million penalty by the Federal Court for failing to comply with basic obligations, including operating with almost no compliance staff or risk management processes. In July 2022, ASIC issued civil penalty proceedings against wholesale licensee Lanterne ...

Court approves wind up of Prospero Markets

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... wound up following an application by the corporate regulator. ASIC has been investigating Prospero Markets for non-compliance with its AFSL conditions and obligations as an OTC derivatives issuer. The regulator said it has been contacted by Prospero ...

Life insurers struggle with code compliance

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
Life insurers continue to breach their own compliance code with more than 12,000 instances recorded, yet the body overseeing their conduct fears this is likely under-reported. The Life Code Compliance Committee (LCCC) saw another increase in the number ...

Why fund managers are missing out on investment mandates

ELIZA BAVIN  |  WEDNESDAY, 10 APR 2024
New research from Ocorian and Newgate Compliance found alternative fund managers are losing investment mandates or clients because of compliance issues. The research also revealed there had been an increased level of internal conflict between fund management ...

Qantas Super taps fintech as an investment consultant

ANDREW MCKEAN  |  TUESDAY, 9 APR 2024
... leaving "technical aspects" to Ortec's in-house experts. The super fund hopes that this will lead to improved accuracy, compliance adherence, and access to Ortec's specialised expertise, ultimately improving its ability to service its members. Qantas ...

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
... trustees to pay for advice and no additional consumer protections, when the overarching objective of the bill is to lessen compliance and administrative burdens. In introducing the bill before parliament, MP Andrew Keith said it amends the Corporations ...

Fund managers prepare for harsher penalties

ELIZA BAVIN  |  THURSDAY, 4 APR 2024
... saying they were good at it and only 1% describing their ability to do so as poor. Aron Brown, head of regulatory and compliance at Ocorian, said it was surprising to see the number of firms that believed their organisations were too focused on compliance ...

Wealth firm gears up to change administrator

ANDREW MCKEAN  |  TUESDAY, 2 APR 2024
... organising several products to transition into our flagship, Acclaim Super, eliminating duplication of PDS's and compliance across multiple products by consolidating them into one. This reduces product overhead and streamlines administration; all ...

QMV Legal folds, managing partner to launch new firm

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... Jessica Pomeroy. Steffanoni will launch a new independent business that remains focused on providing legal, risk, and compliance advice to trustees of APRA-regulated superannuation funds. Novigi chief executive Ash Priest said: "QMV Legal has made a ...