Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 801 - 810 of 3708 results for "Order"

ASIC removes Societe Generale restrictions

ANNABELLE DICKSON  |  FRIDAY, 25 JUN 2021
The corporate regulator has removed AFS licence conditions imposed on the French bank after it breached client money obligations. As per the licence conditions, Societe Generale appointed an independent expert to assess and test the adequacy and effectiveness ...

Westpac backs out of NZ demerger plans

ANNABELLE DICKSON  |  THURSDAY, 24 JUN 2021
Westpac has decided to retain its New Zealand business after reviewing the feasibility of the 160-year-old division and the impact of increased capital requirements. In March, the bank flagged that it was in early stages of reviewing Westpac New Zealand ...

Court orders new group definition in CBA advice class action

KANIKA SOOD  |  WEDNESDAY, 23 JUN 2021
... will disgorge any such amount to their trustees to restore the fund(s). Of course, I could achieve this by a more direct order after trial in any event," the orders said. The judge also changed the definition of the group for the proceedings, to include ...

ASIC changes ETF market maker rules

KARREN VERGARA  |  TUESDAY, 22 JUN 2021
... easier for offshore market makers to work with ASX-listed and Chi-X listed ETFs. The corporate regulator has amended Class Order 13/721 [CO 13/721] to remove the requirement that an authorised participant must be an Australian resident for tax purposes. ...

Chief economist update: Chinese activity indicators disappoint but growth target intact

BENJAMIN ONG  |  MONDAY, 21 JUN 2021
Disappointing. This is the one word that describes the latest batch of activity indicators out of China. The National Bureau of Statistics (NBS) released retail sales, industrial production and fixed asset investment that were still stronger than usual ...

AAT dismisses adviser ban appeal

KARREN VERGARA  |  THURSDAY, 17 JUN 2021
A former RI Advice Group financial adviser's appeal to overturn his permanent banning order has been dismissed by the appeals tribunal. Robert Hutchison was permanently banned from the industry in 2017 after an ASIC investigation found that he funneled ...

James Mawhinney files appeal

ELIZABETH MCARTHUR  |  TUESDAY, 15 JUN 2021
... However, no evidence of this has been presented. "Our team has identified substantial material errors in legal judgment of the order of the Federal Court made on 19 April 2021 at Melbourne. Our application is to have the matter dismissed with costs," ...

Super leaders recognised

ANNABELLE DICKSON  |  TUESDAY, 15 JUN 2021
... fellow of both the Association of Superannuation Funds of Australia and AIST. Meanwhile, Nancy Fox received a member of the order of Australia for significant service to the financial and banking sector, and to women in business. Fox is a non-executive ...

PRI chief executive resigns

ELIZABETH MCARTHUR  |  TUESDAY, 8 JUN 2021
The chief executive for the United Nations Principles for Responsible Investment has stepped down after being in the role for almost a decade. Fiona Reynolds has been chief executive of the PRI since 2013. She joined the responsible investing group ...

Forex CT cops $20 million fine

ANNABELLE DICKSON  |  WEDNESDAY, 2 JUN 2021
The Federal Court has handed down a $20 million penalty to Forex Capital Trading for engaging in a system of unconscionable conduct, including the use of high-pressure sales tactics, conflicted remuneration and failing to act in the best interests of ...