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Showing 81 - 90 of 117 results for "Responsible entities"

Report finds fresh barriers to funds management exports

MARK SMITH  |  WEDNESDAY, 29 JUN 2016
... of recognition of Australian financial services licenses offshore; and uncapped liability on capital for Responsible Entities/product issuers. In releasing this latest report FSC chief executive Sally Loane said: "We are close to being able to unlock ...

ASIC takes Macquarie to court over van Eyk fund

ALEX BURKE  |  THURSDAY, 23 JUN 2016
... the proceedings, ASIC commissioner Greg Tanzer said: "The Corporations Act places important obligations on responsible entities which protect the interests of investors. "Those obligations require responsible entities to have a supervisory and monitoring ...

HSBC joins mFund service

DARREN SNYDER  |  MONDAY, 4 APR 2016
... announcement brings the number of mFund distribution partners to 18, and there are now 22 mFund issuers or responsible entities, making 158 funds available through the service. ASX head of customer and business development Ian Irvine said the decision ...

New super transparency rules spark controversy

LAURA MILLAN  |  WEDNESDAY, 25 NOV 2015
... costs in PDSs and periodic statements, which includes a number of measures that will assist trustees and responsible entities to increase transparency and accuracy when disclosing fees and costs to investors. It also intends to increase consistency across ...

NAB to offer mFund trading

LAURA MILLAN  |  THURSDAY, 22 OCT 2015
... better news for investors," ASX deputy chief executive Peter Hiom said. The mFund service now comprises 16 responsible entities or issuers, representing 35 managers and 125 funds; 13 distributors including nabtrade; and 12 unit registries.

ASIC warns super trustees

DARREN SNYDER  |  TUESDAY, 15 SEP 2015
... said. ASIC has provided an overview of super industry compliance issues identified during its surveillance of responsible entities and superannuation trustees that are also holders of an Australian Financial Services Licence (AFSL). Trustees were also ...

Queensland director banned for two years

DARREN SNYDER  |  FRIDAY, 10 JUL 2015
... Monetizer Fund has been unable to meet its compliance obligations with ASIC. ASIC Commissioner Greg Tanzer said Responsible Entities are entrusted with property that belongs to others and accordingly are held to a high standard by ASIC. "The directors ...

OneVue announces management, strategy changes

ALEX BURKE  |  FRIDAY, 1 MAY 2015
... Brett's gone back to an area where I probably need to focus now anyway." OneVue will also be merging its two responsible entities, releasing $500,000 and streamlining its auditing in the process. Mckeage explained: "We only had one responsible entity ...

ASIC to crack down on big four, AMP and Macquarie

LAURA MILLAN  |  TUESDAY, 21 OCT 2014
... encouraged or advised to make financial decisions that are not in their best interests." It will also look at responsible entities operating managed investment schemes and will "continue to identify 'red flags' and focus on high-risk entities." ASIC ...

Investors vulnerable as property schemes shirk risk disclosure

JAMES FERNYHOUGH  |  WEDNESDAY, 23 JUL 2014
... interest cover policy, related party transactions and distribution practices. ASIC's review found schemes' responsible entities (REs) either failed to address certain benchmarks or did not provide enough information. They also failed to provide the information ...