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Showing 1 - 10 of 100+ results for "Rule"

Trading platform cops $110k fine

KARREN VERGARA  |  TUESDAY, 18 JAN 2022
... solicit instructions from other clients. For other participants that seek to execute pre-negotiated business on the market, the rule requires the participant to make an enquiry through the exchange's message facility, wait until 30 seconds has elapsed ...

Credit Suisse chair resigns

KARREN VERGARA  |  TUESDAY, 18 JAN 2022
Credit Suisse's chair has resigned less than a year into the role amid reports he breached several COVID-19 quarantine rules. The Swiss bank announced overnight that Axel P. Lehmann has taken over as chair effective immediately, following an investigation ...

Consultation opens for CCIV draft bill

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
The long-awaited Corporate Collective Investment Vehicle regime draft regulation has been released, with consultation to be held until 21 January 2022. Rules for financial reporting, record-keeping, and custody of CCIV assets are some of the measures ...

Proxy advice reforms force transparency, AFS licensing

KARREN VERGARA  |  MONDAY, 20 DEC 2021
Treasurer Josh Frydenberg announced reforms to proxy advice which includes forcing superannuation funds to disclose detailed voting records. Super funds exercising voting rights on behalf of their members will need to be more transparent with their ...

ISA releases pre-election wish list

CHLOE WALKER  |  TUESDAY, 14 DEC 2021
Industry Super Australia (ISA) has released a four-point plan to put members and their future economic security at the forefront of any debates over superannuation policy during the forthcoming election. Noting various discrepancies within the current ...

Proposed reforms could simplify advice

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
... the renaming issue of whether the labels 'general advice' and 'personal advice' should remain as is, given that no blanket rule has been set in stone. Therefore, the ALRC is pushing for a replacement term that "corresponds intuitively with the substance ...

ASIC sets out limited advice expectations

KARREN VERGARA  |  THURSDAY, 2 DEC 2021
ASIC has provided a roadmap for financial advisers to ensure that they do not breach their limited advice obligations. The corporate regulator has spelled out how not to breach limited advice regulation in the new information sheet INFO 267: Tips for ...

New members on Markets Disciplinary Panel

JAMIE WILLIAMSON  |  THURSDAY, 2 DEC 2021
ASIC has made a series of appointments to its Markets Disciplinary Panel, adding executives from Barrenjoey and Macquarie Group. With seven members retiring, ASIC has welcomed three new appointees to the peer-review panel which determines whether infringement ...

Retirees require 3.3% drawdown: Research

KARREN VERGARA  |  WEDNESDAY, 1 DEC 2021
... the good tidings we've experienced in the recent past is unlikely to continue," the State of retirement report read. The 4% rule originated when US financial adviser Bill Bengen conducted a study to understand how much his clients could take out of their ...

COVID-19 relief for SMSFs may require specialist input

CHLOE WALKER  |  MONDAY, 22 NOV 2021
Extended government relief measures highlight the need for SMSF specialist advice, says SMSF Association chief executive. SMSF Association chief executive John Maroney has commented on the need for SMSF specialist advice in the wake of extended COVID-19 ...
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