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Showing 691 - 700 of 3479 results for "Compliance"

ASIC commences proceedings over failure to comply

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2022
... documents from a person, including a company. If a person fails to comply with such a request, ASIC can certify non-compliance and seek orders form the Court compelling production in the event the Court is satisfied that there has been non-compliance ...

ASIC suspends, cancels AFSLs

CHLOE WALKER  |  WEDNESDAY, 7 DEC 2022
... capacity to provide financial services. Failure to comply with reporting obligations can be an indicator of a poor compliance culture," ASIC stated. Since ASIC's surveillance, AFSL Group has applied for reinstatement of its AFCA membership. Both QFML ...

ASIC hands out more interim stop orders

CHLOE WALKER  |  MONDAY, 5 DEC 2022
... said that it expects APS Savings to consider the concerns raised regarding the TMD and take immediate steps to ensure compliance. It will consider making a final order if its concerns are not addressed in a timely manner. "We would like to remind financial ...

UK regulator looks to simplify advice

JAMIE WILLIAMSON  |  FRIDAY, 2 DEC 2022
... this year the FCA said it would look at the boundaries between financial advice and guidance to potentially ease the compliance burden on firms and ease costs to consumers.

Diverger acquires licensee support firm

CASSANDRA BALDINI  |  THURSDAY, 1 DEC 2022
Diverger has acquired AFSL Compliance, a licensee support business, with a focus on delivering market leading solutions to self-licensed firms. The financial services company explained although it already provides services to both licensed and self-licensed ...

Crescent Wealth responds to PDS error criticism

ANDREW MCKEAN  |  THURSDAY, 1 DEC 2022
... notice reports a disclosure issue to its members. "Crescent Wealth wishes to clarify facts concerning the fund's compliance with ASIC's revised Regulatory Guide 97 (RG97) and to reassure fund members that proactive steps have been taken to avoid ...

ASIC case against Commonwealth Bank dismissed

CASSANDRA BALDINI  |  WEDNESDAY, 30 NOV 2022
... and fairly. ASIC deputy chair Sarah Court said: "ASIC pursued this case because we believed CBA did not have robust compliance systems to ensure customers were being correctly charged." "ASIC will carefully consider the judgment and continue to work ...

Marketing oversight must improve: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 30 NOV 2022
... admissions of guilt or liability. However, all voluntarily amended the marketing materials. They also amended their compliance plans to enhance supervision of marketing, including implementing requirements for all marketing material to be approved by ...

Super fund board renewals need work: APRA

JAMIE WILLIAMSON  |  MONDAY, 28 NOV 2022
... how self-reflective the board really is of its own performance," Cole said. "You can be "functional" and tick all the compliance boxes. Or you can take your trusteeship to another level by building a high performing board that puts the best financial ...

Financial planning avatars are the future

CHLOE WALKER  |  THURSDAY, 24 NOV 2022
... there that tech can help with. For example planners shouldn't be on the phone to Centrelink for an hour, she said. "Compliance by design is another area where I think technology has a huge amount of opportunity, because we are spending a lot of time ...