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| | | ... maintaining full employment, allowing for lagged economic effects of policy, and appearing tough on inflation - in that order." "Given the strong employment data in November and the upcoming January meeting break, the easiest path for the RBA is to go ... |
| | | | ASIC has commenced the first ever court case in relation to alleged breaches of design and distribution obligations (DDO). The case concerns two credit cards issued by American Express (Amex) that were co-branded with retailer David Jones (the credit ... |
| | | | ... meet the appropriateness requirements under DDO because they did not include any distribution conditions. Meanwhile, the order placed on unlisted public company APS Savings stops it from issuing interests in, giving a prospectus for, or providing financial ... |
| | | | ... outcomes, drive sustainable growth, and support the leadership team to build a strong, national professional advisory brand. "In order to succeed in the future, advice businesses need to evolve. They need capacity, capability and scale. We wanted a specialist ... |
| | | | ... that form part of, and enable, the financial system," he said. "While it's important that everyone keeps their own house in order, third-party suppliers can create vulnerabilities, and that is where our work - and indeed, that of the international regulatory ... |
| | | | Dodgy target market determinations (TMDs) have seen ASIC place interim stop orders on two Aussie equities funds from Perpetual. Perpetual cannot offer or distribute the Perpetual Pure Microcap Fund or Perpetual Geared Australian Share Fund for the next ... |
| | | | Following consultation, ASIC has updated naming conventions for exchange-traded products, dividing them into two levels of labelling. The regulator has updated Information Sheet 230 Exchange-traded products: Admission guidelines, splitting naming conventions ... |
| | | | ... Clients come with a lot of complexity, Martin added. It can take 18 months to two years to get all of their finances in order to then be able to truly add value. Therefore, Martin said that she doesn't place clients onto a review service fee until those ... |
| | | | ... funds' board of trustees, the SEC said. Goldman Sachs did not admit or deny the conduct but agreed to a cease-and-desist order, a censure, and a US$4 million fine. "In response to investor demand, advisers like Goldman Sachs Asset Management are increasingly ... |
| | | | ... longer appropriate, the period for reporting this information to MPG, and the review triggers for the TMDs. The interim stop order is valid for 21 days unless revoked earlier. ASIC will consider making a final order if its concerns are not addressed ... |
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