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Showing 1 - 10 of 46 results for "Regulator ASIC"

Top three drive ETF surge

KARREN VERGARA  |  MONDAY, 24 JAN 2022
... will continue in 2022, with total funds under management to reach between $180 billion and $190 billion. Corporate regulator ASIC is cracking down on how ETFs are named, launching a review aiming to ensure that products are true to label. ETFs have different ...

Advice firm targets teen financial literacy

KARREN VERGARA  |  FRIDAY, 7 JAN 2022
... are young female Australian investors; some 44% are aged 25-34 and a further 19% are aged 35-44. Financial advice regulator ASIC is going on the offensive and is currently looking at finfluencers who do not hold an AFS licence and meet educational requirements. ...

ASIC issues warning to finfluencer sponsors

KARREN VERGARA  |  WEDNESDAY, 10 NOV 2021
Corporate regulator ASIC is warning corporations that pay finfluencers to advertise products and services about potential breaches of financial advice laws. ASIC commissioner Cathie Armour said some listed companies are flocking to finfluencers for ...

Crypto ETF breaks trading record

KARREN VERGARA  |  FRIDAY, 5 NOV 2021
... launching CRYP. A Bitcoin (1BTC) and an Ethereum (1ETH) exchange-traded fund will soon be made available. Corporate regulator ASIC recently paved the way for crypto ETFs, releasing a guide on admission and monitoring standards, custody, pricing methodologies ...

SCA slams five super funds' junk insurance

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
... living" or ADLs to assess members' ability to work as such tests only identify severe physical incapacity. Regulator ASIC found that the tests are difficult to pass and result in insurance that does not meet members' needs. This year, LUCRF Super ...

Capstone drops jailed adviser

KARREN VERGARA  |  FRIDAY, 15 OCT 2021
... Capstone," Capstone told Financial Standard. While his actions do not lead to automatic disqualifications, corporate regulator ASIC confirmed that it is aware of and considering the issues in relation to Babbage's current authorisations. The FBAA commented ...

ASIC extends SoA relief measure

KARREN VERGARA  |  THURSDAY, 14 OCT 2021
Corporate regulator ASIC is extending the temporary Statement of Advice relief measure until 15 April 2022. This marks the second time that ASIC has extended the relief measure, which enables advisers to replace SoAs with Records of Advice for existing ...

FSC suggests CSLR improvements

KARREN VERGARA  |  MONDAY, 20 SEP 2021
... prevent financial advisers that "have done nothing wrong" from paying for the scheme. The FSC is calling on corporate regulator ASIC to strengthen enforcement of existing laws to prevent the source of unpaid determinations resulting from advice failures. ...

ASIC urged to act on common ownership

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
Corporate regulator ASIC was slammed for its lack of oversight over common ownership and concentration at a parliamentary committee this morning. The Standing Committee on Economics, which discussed the implications of capital concentration and common ...

Funds valued illiquid asset correctly: ASIC

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
Corporate regulator ASIC stopped just short of praising fund managers on how they handled valuing illiquid assets at the height of COVID-19. ASIC found that the responsible entities of the funds were responsive to the increased valuation risks during ...
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