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Showing 31 - 40 of 66 results for "ASIC Commissioner John Price"

Funds management not up to scratch: ASIC

EMMA RAPAPORT  |  WEDNESDAY, 14 JUN 2017
... responsible entities are expected to act lawfully and in the interests of the investors they represent," ASIC commissioner John Price said. "As a minimum, responsible entities must ensure a managed investment scheme is operated in accordance with the ...

ASIC cancels AFSL, bans former executives and fund managers

JAMIE WILLIAMSON  |  TUESDAY, 30 MAY 2017
... fail to meet those obligations, ASIC will act to remove them from the financial services industry," ASIC commissioner John Price said. The corporate regulator was also recently successful in the Supreme Court of Queensland, with the court disqualifying ...

ASIC bans former Avestra directors

ALEX BURKE  |  WEDNESDAY, 17 MAY 2017
... Avestra to act with a systematic and serious disregard of its fiduciary and regulatory obligations." ASIC commissioner John Price added: "The findings of the Federal Court in this matter make very clear that responsible entities are required to act in ...

Poor compliance sees AFSL suspended

JAMIE WILLIAMSON  |  MONDAY, 1 MAY 2017
... custodial or depository services other than investor directed portfolio services for wholesale clients. ASIC commissioner John Price said: "Licensees are required to lodge financial statements and auditor reports with ASIC to demonstrate their capacity ...

ASIC signs fintech agreement with Indonesia

EMMA RAPAPORT  |  MONDAY, 24 APR 2017
... offering services including insurance, investment, financing, peer-to-peer lending and crowd funding. ASIC Commissioner John Price commented that fintechs should not be constrained by national borders and that it is fundamental that Australia leverages ...

ASIC cancels responsible entity AFSL

EMMA RAPAPORT  |  WEDNESDAY, 12 APR 2017
... notify ASIC of significant breaches within the required timeframe. Commenting on the cancellation, ASIC commissioner John Price said, "A responsible entity needs to ensure a managed investment scheme is operated in accordance with the Corporations Act." ...

mFund to expand product offering

JAMIE WILLIAMSON  |  THURSDAY, 22 DEC 2016
... given the current version of the PDS and any supplementary PDS that apply to the particular fund." ASIC commissioner John Price said the regulator is supportive of innovation that can benefit consumers and provide efficiencies to the industry. "By extending ...

ASIC approves world-first fintech exemptions

ALEX BURKE  |  THURSDAY, 15 DEC 2016
... the regulator is notified in advance and businesses meet "certain consumer protection conditions." ASIC commissioner John Price explained: "ASIC's fintech licensing exemption reflects our commitment to facilitating innovation in financial services. However ...

ASIC permanently bans dishonest adviser

KERRIE SYDEE  |  MONDAY, 31 OCT 2016
... use of $1.8 million from clients led to ASIC finding that he was not of good fame and character. ASIC commissioner John Price said: "ASIC will take action to remove persons from the financial services industry to protect the public. Mr Howard's conduct ...

Self-auditing SMSF auditor caught in ASIC breach

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2016
... Samuel) is not a fit and proper person to be an approved SMSF auditor for the purposes of the Act." ASIC commissioner John Price said the regulator will continue to take action where the behavior of SMSF auditors is inadequate. "SMSF auditors play a ...