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Showing 71 - 80 of 406 results for "ASIC commissioner"

DDO to simplify general, personal advice

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
... conducting a sales campaign aimed at rolling customers into Westpac products under the banner of general advice," ASIC commissioner Danielle Press said. "By clarifying the distinction between tailored, quality, personal advice in the customer's interest ...

ASIC okay with virtual AGMs

KANIKA SOOD  |  WEDNESDAY, 24 MAR 2021
... during the ongoing pandemic where there is still uncertainty around restrictions on gatherings and travel," ASIC commissioner Cathie Amour said. Full details are to be released over coming days. ASIC said it will not be providing a no action position ...

Former AMP adviser in enforceable undertaking

ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
... providing financial services must not prioritise their own interests or simply implement client instructions," ASIC commissioner Danielle Press said. "Individuals and organisations entering into court enforceable undertakings with ASIC have binding obligations ...

Court makes orders in ASIC versus TAL

KANIKA SOOD  |  WEDNESDAY, 10 MAR 2021
... commercial standards of decency and fairness, ensuring claims are handled in a fair, transparent and timely manner," ASIC commissioner Sean Hughes said. "This case was highlighted by the Royal Commission. These stories matter not just to individual policyholders ...

Dover, McMaster hit with $1.4m penalty

KARREN VERGARA  |  FRIDAY, 5 MAR 2021
... Client Protection Policy was to exclude or limit Dover's liability to clients to its own financial benefit," ASIC commissioner Danielle Press said. "The significant penalties handed down today demonstrate the seriousness of this misconduct and will act ...

ASIC extends olive branch to inside traders

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
... ability to identify and take enforcement action against complex markets and financial services contraventions," ASIC commissioner Sean Hughes said. The immunity will be only granted to the first person who satisfies the immunity criteria and reports ...

ASIC zeroes in on bad SMSF advice, conduct

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... advice to self-managed super funds, sounding a warning that it is flexing its new powers in superannuation. ASIC commissioner Danielle Press told the recent SMSF Association's National Conference via video link that several key projects are progressing ...

CBA guilty of deceptive conduct

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
... exceeded $2.2 million and that CBA's conduct in relation to this resulted from inadequate systems and processes. ASIC commissioner Sean Hughes said: "Financial services institutions need to have appropriate systems, governance and controls in place to ...

ASIC to take targeted approach with PIP

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
ASIC commissioner Sean Hughes said the government's Product Intervention Powers (PIP) will allow the regulator to take a targeted, calibrated and less prescriptive approach to regulation. Speaking at the Australian Finance Industry Association Risk ...

Another glitch for the ASX

ANNABELLE DICKSON  |  THURSDAY, 4 FEB 2021
... alternative venue available, we are examining why far more trading did not occur on Chi-X on the day of the outage," ASIC commissioner Cathie Armour said.