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Showing 51 - 60 of 338 results for "Watchdog"

ASIC updates breach reporting guidelines

KARREN VERGARA  |  FRIDAY, 28 APR 2023
... breach reporting procedures in the hope that it can help reduce regulatory burdens for financial advisers. The corporate watchdog detailed several changes to Regulatory Guide 78 Breach reporting by AFS licensees and credit licensees, following consultation ...

CVC sells 20% stake in Eildon

KARREN VERGARA  |  MONDAY, 24 APR 2023
... other bonds enabled the fund to make a small overall gain on Credit Suisse," an investor note read. In March, securities watchdog ASIC made an interim stop order that prevented CVC from offering or distributing CVC Notes 2 because of deficiencies with ...

ASIC investigates CHESS replacement blunder

KARREN VERGARA  |  WEDNESDAY, 29 MAR 2023
The corporate and securities watchdog has commenced an investigation into the ASX's botched CHESS replacement program. The ASX, its subsidiaries ASX Clear and ASX Settlement, and responsible directors and officers are under scrutiny for their role ...

Professionalise sustainability within funds: Panel

CASSANDRA BALDINI  |  TUESDAY, 21 MAR 2023
A panel on the impacts of climate change has heard how, as ESG approaches evolve, super funds must be conscious of their competency in the space and have processes for measuring it. Appearing at the Conference of Major Superannuation Funds, UTS Institute ...

ASIC grants MSC Trustees new powers

KARREN VERGARA  |  MONDAY, 20 MAR 2023
The corporate watchdog has bestowed MSC Trustees new powers to act as a trustee for debt instruments such as debentures, notes and bonds issued by public companies, a first for an Australian corporate trustee. MSC Trustees is the first trustee firm ...

NZ advisers begin new licensing regime

KARREN VERGARA  |  FRIDAY, 17 MAR 2023
Financial advisers in New Zealand are now operating under a new licensing regime that is regulated by the markets watchdog. From March 17, all financial advice providers (FAPs) must hold or operate under a full licence from the Financial Markets Authority ...

APRA preserves life insurance prudential standards

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
... systems, including through targeted supervisory actions where sub-standard practices are identified, are all under the watchdog's radar. Together with ASIC, APRA said it also endeavours to influence improved retirement outcomes in the new year. Both ...

ASIC issues more interim stop orders

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
... disclosure statement (PDS) and to stop it from providing general advice to retail clients in relation to SYEP Derivatives. The watchdog was concerned the TMD inappropriately included investors whose objective was to preserve capital and income generation ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
... service misconduct or non-compliant advice. While it is ASIC's final update, some remediation programs are ongoing. The watchdog said the institutions have paid or offered the total sum as at 31 December 2022 which included $1.1 billion paid or offered ...

Mercer embroiled in greenwashing allegations

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
Setting a precedent, the corporate watchdog has taken Mercer Superannuation Australia to court for alleged greenwashing conduct. Mercer marketed the Sustainable Plus options, available in the Mercer Super Trust (MST), as suitable for members who "are ...