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Search ResultsShowing 31 - 40 of 100+ results for "Regulatory"
APRA hands reins to ASIC in AUSTRAC case
ALLY SELBY  |  THURSDAY, 18 JUN 2020
... proceedings." The decision to delegate will allow for greater efficiencies in the investigative process and a more coordinated regulatory outcome, APRA said. "It will avoid significant duplication in the investigative process, including compulsory examinations ...
ASIC lays out product intervention plans
HARRISON WORLEY  |  THURSDAY, 18 JUN 2020
... distribution linked remuneration structures in the event it believes they will bring about significant consumer detriment. Regulatory guide 272 shows ASIC may use its new powers to order a product or class of products only be offered by way of issue ...
APRA ditches property revaluation requirement
ELIZA BAVIN  |  THURSDAY, 18 JUN 2020
... currently required to revalue property used as security for residential mortgage exposures for the purposes of measuring regulatory capital, when they become aware of a material change in the value of property in an area or region. The regulator had ...
Pessimism strikes Australia, US optimistic
ELIZA BAVIN  |  WEDNESDAY, 17 JUN 2020
... financial professionals are responding to new challenges managing client investments, expectations and behaviour. "Under regulatory, industry and market pressure, their approach is changing on all fronts: investment strategy, client servicing, practice ...
ASIC cracks down on investment manager
ALLY SELBY  |  MONDAY, 15 JUN 2020
The Australian arm of a global investment management company has agreed to additional conditions imposed on its AFSL by the corporate watchdog. It comes after Societe Generale Securities Australia (SGSA) was criminally charged with breaching client ...
Perth Mint to review audit processes
KANIKA SOOD  |  MONDAY, 15 JUN 2020
... we source gold and other metals for processing. He said the firm remains confident that it fully complies with all regulatory requirements and the responsible gold guidelines set out by the global gold industry's governing bodies. "Consistent with ...
FPA accuses ASIC of price gauging
ELIZA BAVIN  |  MONDAY, 15 JUN 2020
... for consultation its Cost Recovery Implementation Statement 2019-20 (CRIS), which was prepared based on its planned regulatory work and budgeted allocation of costs at the beginning of the 2019-20 year. ASIC estimated the industry funding levy for 2019-20 ...
ASIC ends relief for advisers
ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
ASIC has announced an end date or the COVID-19 regulatory relief for financial advisers. The ASIC Corporations (Trading Suspensions Relief) Instrument 2020/355 will be repealed on 15 October 2020. "ASIC had publicly stated that these relief measures ...
SEC charges COVID-19 microcap scammers
ALLY SELBY  |  FRIDAY, 12 JUN 2020
Five people and six offshore entities have been charged over an alleged fraudulent scheme which sought to capitalise on the COVID-19 pandemic through the illegal sale of microcap stocks. The US Securities and Exchange Commission allege the scheme, boosted ...
Mirova chief labels ethical investing pledges hollow
ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
... coal and cut back on investment in the fossil fuel industry, publish exclusion lists, no longer put the brakes on regulatory changes in favour of the climate through their professional associations," Zaouati said. "This list is not exhaustive. Let everyone ...
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