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Showing 551 - 560 of 4161 results for "Action"

GQG builds private markets unit on PAC stakes

KARREN VERGARA  |  MONDAY, 18 MAR 2024
GQG Partners is launching a private markets business by acquiring Pacific Current Group's stakes in three fund managers operating in the asset class for US$71.25 million ($108.7bn). The foundations of GQG Private Capital Solutions (PCS) will comprise ...

Court dismisses ASIC lawsuit against Finder

KARREN VERGARA  |  FRIDAY, 15 MAR 2024
ASIC's action against Finder Wallet has fallen flat as the Federal Court rejected allegations it was spruiking a financial product related to cryptocurrency. Justice Markovic yesterday dismissed ASIC's case against Finder.com's Finder Wallet and its ...

ATO refers SMSF auditors to ASIC

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2024
... structure and any services provided to audit clients to identify and evaluate independence," she said. "ASIC will take action where appropriate to reinforce the independence requirements." Between 1 October 2023 and 31 December 2023, ASIC acted against ...

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... our obligations. Our reports to regulators ensure they are promptly informed of issues within the industry and can take action as they deem appropriate," the AFCA report said. "By continuing to engage with financial firms on systemic issues once we have ...

Sexism in the City: UK financial sector slammed

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2024
... employees. Further, those businesses with a large gender pay disparity should be required to explain the gap and publish an action plan, the report recommends. It also recommended the Financial Conduct Authority and Prudential Regulation Authority drop ...

The tide is turning for North Asian equity markets: Maple-Brown Abbott

ELIZA BAVIN  |  TUESDAY, 12 MAR 2024
Maple-Brown Abbott head of Asia Will Main and Asian equity income portfolio manager Howard Ho are expecting a positive future for Asia's largest equity markets for years to come. Main and Ho said recent attempts to improve corporate governance in Japan ...

Experts issue warning over AI washing

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
Artificial intelligence (AI) is perhaps the most transformative technology since the advent of the internet, poised to herald an unprecedented digital economic revolution. To appear at the precipice of the movement, some are employing deceptive tactics ...

ASX settles $1.05m fine for transparency failures

ANDREW MCKEAN  |  THURSDAY, 7 MAR 2024
... Australia's market operators is fundamental to ensuring fair and efficient markets, underscoring that this enforcement action is a demonstration of the corporate regulators commitment to upholding the highest standards. "ASIC will continue to take ...

Low investor demand sees equities funds wound up

JAMIE WILLIAMSON  |  MONDAY, 4 MAR 2024
... manager, alongside its responsible entity (RE) Equity Trustees, said the timely termination of the fund is the best course of action, having considered "a variety of factors, including investor demand and needs." It said it is aiming to commence the ...

ASIC takes further action on Prospero

KARREN VERGARA  |  MONDAY, 4 MAR 2024
ASIC is pushing for Prospero Markets to be wound up following revelations that it was linked to one of Australia's biggest-ever money-laundering operations. Former officers and responsible managers of over-the-counter (OTC) derivatives issuer Prospero ...