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Regulatory

ASX ups capital raise capacity

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
The Australian Securities Exchange announced changes to the temporary lift in placement capacity from 15% to 25% and increased transparency rules.

SMSF auditors come under fire

ALLY SELBY  |  THURSDAY, 23 APR 2020
The corporate watchdog has disqualified, suspended and added additional conditions to six different self-managed super fund auditors as it works to ensure the industry meets competency and expertise standards.

Dealer group AFSL in limbo

ALLY SELBY  |  THURSDAY, 23 APR 2020
The suspension of MyPlanner Professional Services' AFSL is on ice as the Administrative Appeals Tribunal reviews ASIC's decision.

APRA to track ERS payment times

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
APRA is set to name and shame the superannuation funds that straggle in releasing member's money to them as part of the early release scheme.

APRA questioned on fund liquidity

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
The prudential regulator has been questioned over super fund liquidity concerns by the Senate Economics Committee.

Court restricts Mayfair advertising

ELIZA BAVIN  |  MONDAY, 20 APR 2020
The Federal Court has restricted Mayfair 101 from promoting its debenture products and prohibited the use of specific words and phrases in its advertising.

Should unused services on AFSLs be subject to ASIC levy?

KANIKA SOOD  |  FRIDAY, 17 APR 2020
An AFSL holder asked the court to review its entreaty to ASIC to waive industry funding levy for services that it was licensed to offer but did not.

Financial services exec embroiled in bribery scheme

ALLY SELBY  |  THURSDAY, 16 APR 2020
A former financial services executive in the US has been charged with orchestrating a bribery scheme that saw him funnel at least $4 million to the Ghanaian government to gain their approval to build and operate an electrical power plant.

AFCA extends complaints response time

ALLY SELBY  |  THURSDAY, 16 APR 2020
The Australian Financial Complaints Authority (AFCA) will provide a nine-day extension to consumers, small businesses and financial services firms to respond to complaints amid the COVID-19 crisis.

ASIC demands compliance despite COVID-19

HARRISON WORLEY  |  THURSDAY, 16 APR 2020
The corporate regulator is warning companies keep their control framework in-line when working from home, after control failures led a betting agency to open a market covering the performance of the S&P/ASX 200 index.