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Showing 31 - 40 of 74 results for "Commissioner John Price"

FOFA breach sees former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2017
... act to remove individuals who do not live up to the high standards expected of financial advisers," ASIC commissioner John Price said. ASIC said the banning should serve as a reminder to financial advisers of their obligations under Regulatory Guide ...

SMSF auditor busted self-auditing

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2017
... professional standards. ASIC will continue to take action where the conduct of SMSF auditors is inadequate," ASIC commissioner John Price said. Under the Superannuation Industry (Supervision) Act 1993, all auditors of SMSFs are required to be registered ...

RG 133 review reveals poor compliance

EMMA RAPAPORT  |  THURSDAY, 22 JUN 2017
... several entities reviewed will now be subject to separate surveillance. Commenting on the review, ASIC commissioner John Price said that compliance by the financial services industry with RG 133 and the class orders will remain a priority. "Responsible ...

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 ...