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Showing 61 - 70 of 182 results for %22ASIC Regulatory Guide%22

ASIC provides guidance on Asia Funds Passport

KARREN VERGARA  |  WEDNESDAY, 1 AUG 2018
ASIC has updated its regulatory guides to reflect changes from the Asia Region Funds Passport bill that was recently passed. On June 28, the Federal Government passed the Corporations Amendment (Asia Region Funds Passport) Bill 2018 in an effort to ...

Industry bodies respond to RG97 review

KARREN VERGARA  |  THURSDAY, 26 JUL 2018
... disclosure practices of superannuation funds and managed investments under Regulatory Guide 97. Darren McShane, appointed by ASIC to spearhead the independent review, urged the industry to consider the 34 recommendations as a package and not cherry pick ...

ASIC unveils RG97 review

KARREN VERGARA  |  TUESDAY, 24 JUL 2018
ASIC has welcomed an independent report proposing 34 changes to fee transparency for superannuation funds and managed investments under Regulatory Guide 97. The report, prepared by managed investments and super regulation veteran Darren McShane, engaged ...

Advice and stock broking firm fined $35k

HARRISON WORLEY  |  WEDNESDAY, 13 JUN 2018
... to provide unique references to the market operator after share orders were submitted on behalf of a client. According to ASIC, the firm contravened the rules in a series of occurrences across 2016, including in one instance where it failed to provide ...

ASIC consults on advice code monitoring bodies

JAMIE WILLIAMSON  |  TUESDAY, 15 MAY 2018
ASIC released its consultation paper detailing proposals for approving and supervising compliance schemes for the incoming code of ethics that all financial advisers must adhere to. Under the professional standards legislation, the code of ethics developed ...

Royal Commission to take "labyrinthine" advice legislation to task

ALEX BURKE  |  MONDAY, 9 APR 2018
... the idea that a single market conduct and disclosure regulator should be established for the financial sector - this led to ASIC's establishment in 1998. The paper continues: "Although both Chapter 7 of the Corporations Act and Part 2, Division 2 of ...

Crunch time for limited MDA advisers

KARREN VERGARA  |  WEDNESDAY, 14 MAR 2018
... "Discussions with advisers are revealing a lack of planning around transitioning clients to alternative options," he said. ASIC announced in 2016 it would terminate limited MDAs under Regulatory Guide 179. It now requires MDA providers to obtain a specific ...

ASIC widens conflicted adviser remuneration rules

ALEX BURKE  |  THURSDAY, 7 DEC 2017
ASIC has added additional conditions to its definitions of conflicted remuneration in financial advice both in light of recent reforms and to address specific concerns. Issued ahead of the life insurance framework deadline on January 1, Regulatory Guide ...

ASIC remains firm on IFA definitions

DARREN SNYDER  |  TUESDAY, 14 NOV 2017
... and Investments Commission reaffirmed its position on terminology used to describe the independence of financial advisers. ASIC's latest update to Regulatory Guide 175 (RG 175) confirms that terms such as "independently owned", "non-aligned" and "non-institutionally ...

ASIC reviews RG97 impact

KARREN VERGARA  |  THURSDAY, 2 NOV 2017
ASIC announced it will conduct an external review on the effects of the Regulatory Guide 97 fee disclosure reforms, and will again extend its previous September 30 compliance deadline. ASIC said the move was in response to the industry's outcry around ...