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Showing 81 - 90 of 182 results for %22ASIC Regulatory Guide%22

NAB aiding RG97 compliance

JAMIE WILLIAMSON  |  TUESDAY, 7 FEB 2017
... division's range of regulatory products and services, was developed in order to meet new requirements imposed via reforms to ASIC's Regulatory Guide 97. The RG97 Reporting Suite assists users by collecting and calculating fees and costs on transactions ...

Out-dated websites flag regulatory risk

KERRIE SYDEE  |  MONDAY, 5 DEC 2016
... 2016. Findex Group had to pay $21,600 in penalties because of its use of the words 'independent' and 'non-aligned' which ASIC deemed to be misleading. YTML's website management systems Canvas allows users to create tailored websites and then centrally ...

Munchenberg to exit ABA

JAMIE WILLIAMSON  |  FRIDAY, 21 OCT 2016
... close management with additional resources already provided to reduce the risk of slippage. The initiative of supporting ASIC "will not meet the plan set three months ago. Such variations are not unusual with a program of this kind," McPhee said. The ...

MDAs overhauled by new regulations

JAMIE WILLIAMSON  |  FRIDAY, 30 SEP 2016
The operation of limited MDAs is to be terminated under new, long-awaited regulatory reforms released by ASIC yesterday. The regulator has made amendments to Regulatory Guide 179, the most significant being the removal of the regulated platform no-action ...

Fears of increased compliance costs misguided

JAMIE WILLIAMSON  |  THURSDAY, 8 SEP 2016
... be at the core of robo-advice platforms utilised by enterprise organisations in the industry, saying that ASIC Regulatory Guide 255 acknowledges the difference between consumer-focused robo-advice and enterprise digital platforms. "Digital advice is ...

AIST takes aim at levies consultation

DARREN SNYDER  |  FRIDAY, 3 JUN 2016
... further consultation on industry supervisory levies. AIST said there is little or no information on: increased funding to ASIC for several matters; increased funding for modernising APRA data capabilities; and increased funding for the Superannuation ...

ASIC consults on robo regulation

ALEX BURKE  |  MONDAY, 21 MAR 2016
ASIC has released a draft regulatory guide and consultation paper for the robo-advice sector. The guide addresses industry concerns about and expectations for digital advice. It suggests robo-advice providers must hold an Australian financial services ...

ASIC spots PI insurance gaps

ALEX BURKE  |  TUESDAY, 15 DEC 2015
ASIC has completed its review of the professional indemnity insurance market for advisers in the eight months to June 2015. The report said the market is "stable and generally available," but there are gaps "between what ASIC expects and some of the ...

New super transparency rules spark controversy

LAURA MILLAN  |  WEDNESDAY, 25 NOV 2015
ASIC's updated fee and cost disclosure requirements for superannuation funds have sparked controversy among industry stakeholders. The regulator released Regulatory Guide 97 Disclosing fees and costs in PDSs and periodic statements, which includes a ...

Financial System Inquiry response cut-out-and-keep guide

MARK SMITH  |  TUESDAY, 20 OCT 2015
... measures: By end-2015: Address misalignment of incentives in life insurance. By end-2016: Develop legislation to broaden ASIC toolkit including greater banning and product intervention powers. Regulation What the government said: "The Inquiry found that ...