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Showing 851 - 860 of 6446 results for "Regulatory"

ISG ordered to wind up managed investment schemes

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
The Queensland Supreme Court has ordered the ISG Private Access Fund and the ISG Real Estate Equity Fund be wound up. This comes after ISG and its sole director, Benjamin Godfrey, had applied to appoint receivers to the schemes. ASIC intervened in the ...

Federal Court quashes ANZ appeal

KARREN VERGARA  |  THURSDAY, 3 OCT 2024
The Federal Court threw out ANZ's appeal against a ruling it breached continuous disclosure laws relating to a 2015 institutional share placement and upheld the bank pay the $900,000 penalty. ASIC took action on ANZ in 2018, alleging it failed to notify ...

Commonwealth Bank shakes up executive leadership team

ANDREW MCKEAN  |  WEDNESDAY, 2 OCT 2024
... chief risk officer, Sinead Taylor, the bank's chief operations officer who currently oversees all banking, markets, and regulatory operations, has been named his successor. Replacing Taylor, Emma Bunnell joins Commonwealth Bank from HSBC UK, where she ...

ASIC crackdown: Action taken against 13 SMSF auditors

ELIZA BAVIN  |  WEDNESDAY, 2 OCT 2024
During the first half of 2024, ASIC acted against the registration of 13 approved self-managed superannuation fund (SMSF) auditors. ASIC's concerns covered a range of topics, including breaches of auditing and assurance standards, independence requirements ...

Fund manager splashes $240m on AZ NGA

KARREN VERGARA  |  TUESDAY, 1 OCT 2024
... consumer financial services advisory firm." The transaction is due to finalise before the end of the year, subject to regulatory approvals.

Praemium unveils Spectrum for HNWs

MATTHEW WAI  |  TUESDAY, 1 OCT 2024
... feeds. Upgraded applications portal with automatic form generation. Digital account management, allowing advisers to use regulatory data such as Anti-Money Laundering (AML), Common Reporting Standard (CRS-FATCA), Client Classification, and Fee Consent ...

Retirement calculators 'can't be counted on': SCA

ANDREW MCKEAN  |  MONDAY, 30 SEP 2024
... default retirement income that was too low or too high for the predicted balance at retirement. According to ASIC's Regulatory Guide 276, a superannuation balance should be drawn down by age 92. However, calculators that project default income in a draw ...

Regulators to clamp down harder on greenwashing

ANDREW MCKEAN  |  FRIDAY, 27 SEP 2024
... the climate-related disclosure regulation was brought in. "The prevention and mitigation of greenwashing remains a regulatory priority globally, as governments look to increase transparency to investors. Asset managers should be prepared for the ongoing ...

GQG breaches SEC whistleblower protection laws

KARREN VERGARA  |  FRIDAY, 27 SEP 2024
... protection rule Rule 21F-17(a) of the Securities Exchange Act of 1934. Florida-based GQG said in a statement: "GQG takes its regulatory compliance obligations very seriously. We appreciate the professionalism displayed by the SEC staff throughout this ...

ACCC approves Lendlease, Stockland property deal

ANDREW MCKEAN  |  FRIDAY, 27 SEP 2024
The Australian Competition and Consumer Commission (ACCC) won't block Stockland and Thai property developer Supalai's plan to acquire 12 of Lendlease's 16 residential community projects, but there are strings attached. The masterplanned communities ...