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Showing 71 - 80 of 701 results for "Financial products"

Sanlam Private Wealth breaches licensee obligations, hit with enforceable undertaking

MATTHEW WAI  |  MONDAY, 6 JAN 2025
... ensure its authorised entities complied with the law and to oversee those who used its licence to offer risky financial products to retail clients, Court said. "Licensees like Sanlam must have robust compliance processes that are fit-for-purpose to ensure ...

Court finds CFD issuers engaged in 'unconscionable conduct'

ELIZA BAVIN  |  MONDAY, 23 DEC 2024
... Many of these customers were "flying blind'" and did not understand the risks involved in these highly complex financial products, ASIC said. In an Australian first, the court also found that USG breached its obligation to ensure that the financial services ...

ASIC sues Binance over customer protection failures

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
... wholesale clients, representing 83% of its Australian client base. The regulator said retail clients trading financial products - in this case, crypto derivative products - have important rights and consumer protections under Australian financial services ...

Treasury reappoints 24 members to FSCP

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
... of knowledge and experience across the fields of business, administration of companies, financial markets, financial products and financial services, law, economics, accounting, taxation and credit activities and credit services. The reappointed members ...

ASIC flags regulatory guide updates for 2025

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... Regulatory Guide 183 Approval of financial services codes of conduct, and Regulatory Guide 234 Advertising financial products and services (including credit): Good practice guidance. "We welcome the feedback provided by stakeholders to assist in the ...

Treasury consults on new crypto tax laws

ELIZA BAVIN  |  FRIDAY, 22 NOV 2024
... assets, products, and intermediaries within its scope, because they are potential alternatives to traditional financial products, while avoiding duplicative reporting with that foreseen in the CARF," the OECD said. "Additional amendments have also been ...

Small caps boutique merges with Conduit Group

JAMIE WILLIAMSON  |  MONDAY, 11 NOV 2024
... are excited to be merging with Conduit Group. "Our shared commitment to innovation and delivering superior financial products will help us better serve our clients in Australia, offering them unique international investment opportunities in an increasingly ...

ACCC urges parliament to pass new merger laws

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
... reforms to address currently unregulated unfair trading practices, she called for those reforms to also cover financial products and services. "While the government is yet to consult on the potential for an unfair trading practices prohibition in the ...

CSLR warns adviser levy will balloon

KARREN VERGARA  |  FRIDAY, 25 OCT 2024
... rely on website disclosure information instead of providing a Financial Services Guide (FSG) when dealing in financial products has been welcomed by the industry. Financial Advice Association Australia (FAAA) general manager of advocacy and standards ...

ASIC cancels fewer AFSLs in FY24

KARREN VERGARA  |  FRIDAY, 11 OCT 2024
... service. In terms of professional registration, those who provide personal advice to retail clients on relevant financial products had to be registered with ASIC from February 1. In total, 1531 licensing and registration applications were received, which ...