Search ResultsShowing 1 - 10 of 100+ results for "Regulatory"
Nowra man lies to ASIC, jailed
ELIZABETH MCARTHUR  |  MONDAY, 17 FEB 2020
A 73-year-old man from Nowra in New South Wales is facing two years imprisonment for giving false or misleading information to ASIC about shareholding. John Lindsay Merity was sentenced to a term of two years imprisonment, with a minimum of one year ...
FSC calls for CSLR claims cap
ALLY SELBY  |  FRIDAY, 14 FEB 2020
... insurance requirements for financial advice licensees," she said. "The introduction of a CSLR without strengthening the regulatory weaknesses in advice will result in an incredibly costly shortcut which won't address the underlying issues leading ...
SMSF auditors in firing line
ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
ASIC has cracked down on a number of auditors of self-managed super funds, which the regulator said have failed to meet their requirements. "ASIC has moved to disqualify, or suspend and/or add conditions to the registration of, a number of auditors ...
Regulators praise super law reform
ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
... which was strengthened by a Memorandum of Understanding updated last year. "All trustees have an interest in a robust regulatory system, without gaps in member protection," Press said. "We want to assure trustees that ASIC and APRA will work together ...
JPMorgan admits to withholding ANZ shares
ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
A JPMorgan executive has told the court that there was an agreement between JPMorgan, Deutsche Bank and Citigroup to withhold ANZ shares from the market. Speaking to the court for the ongoing case surrounding the $2.5 billion ANZ share sale, ex-JPMorgan ...
NAB further delays offloading MLC
ELIZABETH MCARTHUR  |  THURSDAY, 13 FEB 2020
... remains challenging," it said. "This may defer exit beyond FY20. Any transaction remains subject to market conditions, regulatory and other approvals." However, NAB said it continues to make progress towards a separation of MLC Wealth. "We are targeting ...
Custodial excellence recognised
HARRISON WORLEY  |  WEDNESDAY, 12 FEB 2020
... installment of its annual ACSA Awards during the Investment Operations Conference in Sydney. The association recognised HSBC regulatory compliance manager Siv Vijayanathan, and JP Morgan vice president of marketing and communications, Teri Thomas. ACSA ...
Problems persist with PYSP communication: ASIC
ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... said it will continue to monitor trustee communications in relation to PYSP and related reforms and consider taking regulatory action where further issues are identified.
Compensation bill hits $750m
ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
Six of Australia's largest banking and financial services institutions have so far paid, or offered, a total of $749.7 million in compensation to customers, according to new data released by ASIC. The regulator said AMP, ANZ, CBA, Macquarie, NAB and ...
Perpetual announces new executive hire
ELIZA BAVIN  |  TUESDAY, 11 FEB 2020
... leadership capability and fresh perspective. [Gazal's] extensive global experience leading teams through times of regulatory change to improve governance and efficiency will be a great asset to Perpetual." Gazal said: "I am very excited to be joining ...
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