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Showing 1 - 10 of 136 results for "Product Disclosure Statements"

ASIC flags regulatory guide updates for 2025

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... Regulatory Guide 53 The use of past performance in promotional material Regulatory Guide 168 Disclosure: Product Disclosure Statements (and other disclosure obligations) Regulatory Guide 181 Licensing: Managing conflicts of interest Regulatory Guide ...

Vanguard to pay $13m in greenwashing case brought by ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024
... between August 2018 and February 2021. The claims were made via a variety of mediums, including in product disclosure statements, on Vanguard's website, in a press release, in a YouTube video, and in a Finance News Network presentation. Despite being ...

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
... in Shield Master Fund, and the corporate watchdog simultaneously made interim stop orders on four product disclosure statements for the fund. It later applied to have its assets frozen. The investigation is ongoing. "ASIC is concurrently investigating ...

ASIC delivered court win over Firstmac DDO failure

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
... consumers who held existing term deposits with Firstmac. In doing so, it breached DDO by sending product disclosure statements (PDS) for the Firstmac High Livez product to those existing term deposit holders, without first ensuring consistency with its ...

ASIC calls out licensees: 'We will take action'

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
... where choice products had persistently underperformed against the benchmarks disclosed in their product disclosure statements (PDS)," he said. "I just want to emphasise that point - this was about the benchmarks set in the product's product disclosure ...

Australian Unity lashed by ASIC over TMD questionnaire

JAMIE WILLIAMSON  |  THURSDAY, 6 JUN 2024
... target market. Under the orders, Australian Unity and other distributors of the fund cannot provide product disclosure statements for or provide general advice to retail clients about the fund for 21 days, unless the orders are revoked prior.

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
... billion in funds under management. The claims were made via a variety of mediums, including in 12 product disclosure statements, a media release about the fund's launch, statements on its website, a Finance News Network interview featuring then-product ...

ASIC files lawsuit against unlicensed director, companies

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2024
... a responsible entity. Exalt Global Funds Limited was found to have made misleading statements in product disclosure statements about the level of risk associated with the Paladin Monetizer Fund; didn't keep proper financial records for the fund; and ...

ASIC issues interim stop orders against Keystone

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
... not worded and presented in a clear, concise, and effective manner." ASIC said it is concerned the product disclosure statements (PDS) contain misleading statements regarding Keystone's legal role in unregistered schemes the fund invests in; inadequate ...

Sterling Income Trust executives charged

CHLOE WALKER  |  MONDAY, 6 NOV 2023
... found themselves homeless. Before its downfall, in August 2017 ASIC issued an interim stop order on product disclosure statements (PDS) issued by Theta Asset Management (Theta) offering investments in the SIT. In 2021, ASIC banned Theta managing director ...
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