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Showing 661 - 670 of 8706 results for "Regulator"

ASIC sues Australian Unity for TMD failure

KARREN VERGARA  |  WEDNESDAY, 11 JUN 2025
ASIC is suing Australian Unity Funds Management for allegedly failing to ensure retail investors fit the suitable target market for its investment product, the Select Income Fund. ASIC is looking at the period between 5 October 2021 and 5 October 2023 ...

Super funds to take stock of information security controls

JAMIE WILLIAMSON  |  TUESDAY, 10 JUN 2025
... Standard CPS 234 Information Security. After some super funds were targeted by cybercriminals in April, the prudential regulator is now reminding trustees of its expectations regarding information security. APRA said the incident, which it referred to ...

ASIC shrinks IPO timetable to boost listings

MATTHEW WAI  |  TUESDAY, 10 JUN 2025
Initiating a two-year trial today, ASIC has enabled a shorter initial public offering (IPO) timetable for eligible entities seeking to list on the Australian Securities Exchange (ASX). During the trial, ASIC will "informally" review eligible documents ...

Regulators note advances in life insurers' practices

ANDREW MCKEAN  |  FRIDAY, 6 JUN 2025
ASIC and APRA commenced a joint review in 2022 over concerns that life insurance premium increases might not have aligned with policy terms or met policyholder expectations set by disclosure and marketing materials, though has since noted progress. ...

ASIC grants no-action on deficient advice fees consent

JAMIE WILLIAMSON  |  FRIDAY, 6 JUN 2025
... ensure they're complying with client consent requirements when entering ongoing fee arrangements (OFAs). It comes as the regulator said it does not intend to take action on a breach of section 962S of the Corporations Act and section 99FA of the SIS ...

HESTA moves risk chief to advisory role

ELIZABETH FRY  |  THURSDAY, 5 JUN 2025
HESTA chief risk officer Andrew Major has moved into a newly created advisory role to work with the fund's investment leadership on strategy. The transition represents a natural evolution for Major, who before joining HESTA's risk division in ...

Private credit market has lenders sweating

ANDREW MCKEAN  |  THURSDAY, 5 JUN 2025
Stamford Capital's Debt Capital Markets survey has revealed that lenders are uneasy about the size and practices of Australia's private credit market. The survey gauged the sentiment of 100 major banks, non-banks, and second-tier banks. Stamford Capital ...

Islamic finance industry association established

JAMIE WILLIAMSON  |  WEDNESDAY, 4 JUN 2025
The Islamic Finance and Investments Association (IFIA) will work to further Australia's nascent Islamic banking, finance and investments sector and Shariah compliant standards. Launched today, the IFIA is led by chief executive Chaaban Omran, the former ...

Super needs customised, personalised approach: FSC

KARREN VERGARA  |  WEDNESDAY, 4 JUN 2025
The Financial Services Council (FSC) says superannuation funds have the power to provide a sophisticated and personalised approach to meet members' retirement needs and must prioritise this amid the government applying pressure via the Retirement ...

Stakeholders ask ASIC for tougher private markets regulation

KARREN VERGARA  |  WEDNESDAY, 4 JUN 2025
... engage with ASIC to tackle this and flagged an openness to implement more consistency in standards and practices. The regulator is currently undertaking a surveillance of private credit funds operating in wholesale and retail private markets, aiming ...