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Showing 41 - 50 of 121 results for "Undertakings"

ASIC needs tougher, direct powers: Taskforce

KARREN VERGARA  |  THURSDAY, 9 NOV 2017
... also involves significant time, resources and costs in investigating and preparing a case, together with enforceable undertakings, which must be agreed to by a licensee and are generally negotiated, the report noted. The Taskforce also raised concerns ...

StatePlus partners for holistic retirement transition

KARREN VERGARA  |  TUESDAY, 24 OCT 2017
... the World War II, he added. The impact however, will greatly depend on the "quality of the advice and the proactive undertakings by workforce leaders." "Older adults want to leave a knowledge legacy behind and want to keep contributing to society in ...

EQT acquires stake in UK firm

KARREN VERGARA  |  FRIDAY, 13 OCT 2017
... Capital, a provider of fund administration and regulatory services, and authorised corporate director services for undertakings for collective investments in transferrable securities (UCITS). Authorised corporate director services are similar to responsible ...

UK asset consultants face competition scrutiny

KARREN VERGARA  |  MONDAY, 18 SEP 2017
... largest investment consultants, Aon Hewitt, Mercer and Willis Towers Watson, responded to the report and submitted Undertakings in Lieu (UIL) designed to address the concerns. While the FCA said it welcomed the UIL package proposed, a final decision ...

Government opens doors to offshore investment vehicles

ALEX BURKE  |  FRIDAY, 25 AUG 2017
... it, "advance the more general objective of global regulatory alignment." Comparing the CCIV to the European Union's Undertakings for Collective Investment In Transferable Securities (UCITS) directive, the draft legislation said: "CCIVs will operate with ...

Macquarie to pay $2m following ASIC probe

ALEX BURKE  |  MONDAY, 22 MAY 2017
... market is of vital importance to the Australian economy," ASIC commissioner Cathie Armour said. "ASIC has now accepted undertakings from some of Australia's largest market participants to put in place forward looking processes and controls to ensure ...

Barclays fined following ASIC investigation

JAMIE WILLIAMSON  |  FRIDAY, 24 MAR 2017
ASIC accepted enforceable undertakings from three Barclays foreign financial service providers for failing to inform Australian clients they were exempt from holding an AFSL. The enforceable undertaking was accepted following concerns that the Barclays ...

ASIC spots forex breaches at ANZ and Westpac

ALEX BURKE  |  WEDNESDAY, 15 MAR 2017
ASIC has accepted enforceable undertakings from Westpac and ANZ following an investigation into the banks' wholesale foreign exchange businesses. The regulator found that between 2008 and 2013, Westpac and ANZ's systems and controls failed to address ...

Two of the big four in ASIC spotlight

ALEX BURKE  |  THURSDAY, 22 DEC 2016
ASIC accepted enforceable undertakings from National Australia Bank and Commonwealth Bank of Australia following an investigation by the corporate regulator. The undertakings relate to the banks' wholesale spot foreign exchange businesses. ASIC determined ...

ASIC compensation plummets despite surveillance success

ALEX BURKE  |  MONDAY, 8 AUG 2016
... focuses on the conduct of NAB, Westpac, CBA, ANZ, Macquarie and AMP. The project has resulted in two enforceable undertakings, 14 limited bannings, three permanent bannings, four imposed conditions and fines and one person charged in criminal proceed ...