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Showing 791 - 800 of 8711 results for "Regulator"

BUSSQ abandons appeal, concedes to licence conditions

ANDREW MCKEAN  |  THURSDAY, 13 MAR 2025
... the fund to hire an independent party to probe its fit and proper processes and expenditure management practices. The regulator adjusted compliance timeframes to clarify "the operation of the conditions" and to ensure the fund begins its required work ...

UK regulators abandon DEI reporting push

JAMIE WILLIAMSON  |  THURSDAY, 13 MAR 2025
The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) will no longer introduce new diversity and inclusion rules for financial services organisations, claiming they wish to "avoid additional burdens on firms at this time." ...

ASIC slaps FIIG Securities with lawsuit

JAMIE WILLIAMSON  |  THURSDAY, 13 MAR 2025
... unaware of the breach, despite having also received numerous firewall email alerts flagging suspicious activity, the regulator said. In total, about 385GB of confidential data was stolen and some 18,000 clients were impacted. ASIC said FIIG did not provision ...

Quadrant Private Equity invests in LegalVision

ANDREW MCKEAN  |  WEDNESDAY, 12 MAR 2025
Quadrant Private Equity has struck a partnership with LegalVision, backing the firm's ability to scale its subscription-based legal model across key markets. The $9 billion private equity firm's capital injection will be used to increase funding for ...

AustralianSuper sued over death benefit delays

JAMIE WILLIAMSON  |  WEDNESDAY, 12 MAR 2025
... processing of close to 7000 death benefit claims, with some beneficiaries left waiting four years for a payout. The regulator has commenced federal court proceedings against AustralianSuper, alleging the fund failed to process death benefit claims efficiently ...

Beware creep of cancel culture into super fund governance: Lawyer

ANDREW MCKEAN  |  FRIDAY, 7 MAR 2025
The prudential regulator is calling for the consideration of perceived conflicts of interest and reputational risks when appointing directors, and while it's easy to think of cases where this would be appropriate, Gilbert + Tobin partner Luke Barrett ...

Tokenisation can save US$135m in back-office costs: Study

KARREN VERGARA  |  FRIDAY, 7 MAR 2025
Tokenisation can save the asset management industry US$135 billion in back office and administrative costs that drain the bottom line, a new study from Calastone found. The survey of 26 asset managers from Asia, the UK, US and Europe expressed their ...

ASIC bans adviser jailed for supplying drugs

MATTHEW WAI  |  FRIDAY, 7 MAR 2025
ASIC has banned Northern Territory financial adviser Harris Shortland for seven years, following his conviction for supplying dangerous drugs. In December 2021, Shortland was convicted on drug offences after having been arrested in July 2018 for importing ...

Vanguard launches two new diversified ETFs

ANDREW MCKEAN  |  THURSDAY, 6 MAR 2025
... management fee of 0.27% per annum. Meanwhile the Vanguard Diversified Income ETF (ASX: VDIF) targets investors looking for regulator income with some capital growth potential, blending investment grade fixed income, corporate bonds, and high dividend ...

Super, insurance, and bank boards' 'poor practices' targeted by APRA

ANDREW MCKEAN  |  THURSDAY, 6 MAR 2025
... insurers, and banks are on notice, with APRA proposing changes to "strengthen and streamline" governance requirements. The regulator has released eight proposals in what marks the first "significant update" of its governance standards in more than a ...