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Showing 51 - 60 of 117 results for "Responsible entities"

Managed funds coped with COVID-19: ASIC

ELIZABETH MCARTHUR  |  FRIDAY, 30 APR 2021
... While there was a significant drop in net investor cashflow in the first half of 2020, ASIC reported that responsible entities of these funds did not tighten members' ability to withdraw their investments. The review looked at four mortgage funds, five ...

Dexus establishes JV for Sydney building

ANNABELLE DICKSON  |  MONDAY, 22 MAR 2021
... AMP Capital fund would merge through a stapling transaction. However, Dexus would need agreement from the responsible entities for both funds and 50% of Dexus unit holders and 75% of AMP Capital unit holders must vote in favour of the merger.

Dexus plans merger with AMP Capital fund

ELIZABETH MCARTHUR  |  TUESDAY, 16 MAR 2021
... objective of being the wholesale partner of choice." The merger will only go ahead with agreement from the responsible entities for both funds and 50% of Dexus unit holders and 75% of AMP Capital unit holders must vote in favour of the plan. Unit holder ...

Responsible entity fined $2m

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... commissioner Cathie Armour said: "The Federal Court outcome sends an important deterrent message to other responsible entities, as well as to those entrusted to act as gatekeepers, to ensure they comply with their legal obligations." "ASIC will take ...

Funds management in ASIC spotlight

ELIZA BAVIN  |  THURSDAY, 19 NOV 2020
... fashioned product disclosure, has made comparing funds "difficult at best". "ASIC is responding by requiring responsible entities to have 'true to label' marketing and labelling, and releasing comparative data to support healthy competition," ...

ASIC cleans up 'cash plus' funds

KANIKA SOOD  |  WEDNESDAY, 23 SEP 2020
... billion in total assets, initially looking at PDS and other public disclosure and then sending notices to 20 responsible entities to get further information on asset allocation, liquidity, maturity profile and resilience. This was followed by targeted ...

ASIC grants frozen fund relief

JAMIE WILLIAMSON  |  THURSDAY, 27 AUG 2020
... beginning of the year, according to Fitch Ratings. In response, ASIC has granted new conditional relief to all responsible entities of registered managed investment scheme that are now frozen. Previously, access could only be granted on the basis of ...

ASIC puts investment managers on notice over valuations

ANNABELLE DICKSON  |  TUESDAY, 11 AUG 2020
... have been challenging in this economic environment and it is actively monitoring the valuation practices of responsible entities during this period of market disruption. "In this context, it is more important than ever that valuations of managed fund ...

ASIC warns funds to clean up adverts

KANIKA SOOD  |  TUESDAY, 16 JUN 2020
... is threatening the wider sector with enforcement action for misleading claims. ASIC says it forced seven responsible entities and 13 funds with a total of $2.5 billion in assets to take "corrective action", including culling old advertising, product ...

ASIC revokes AFSL suspension, cancels another

ELIZA BAVIN  |  TUESDAY, 19 MAY 2020
... deficiency," ASIC said. "In light of this, ASIC revoked the AFS licence suspension on April 21 2020." ASIC said responsible entities with an AFSL are required to meet the minimum level of net tangible assets of $150,000. "Ausfunds had not maintained ...