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Regulatory

Regulator issues new risk management guidance

DARREN SNYDER  |  FRIDAY, 22 JUL 2016
Responsible entities of managed funds are receiving further guidance around risk management as ASIC aims to ensure adaptability in changing market conditions.

ASIC needs to focus on prevention, not cure

ALEX BURKE  |  THURSDAY, 21 JUL 2016
ASIC needs to work directly with the advice industry and develop more proactive regulation, according to Affinia chair Steve Helmich.

No more inquiries, says FSC

ALEX BURKE  |  WEDNESDAY, 20 JUL 2016
Financial Services Council chief executive Sally Loane has advocated four-to-five-year government terms to end the "traffic jam of financial reform" which has cost the industry nearly $3 billion.

Former Wickham CEO pleads guilty to fraud

MARK SMITH  |  FRIDAY, 15 JUL 2016
The former CEO of collapsed debenture issuer, Wickham Securities, has pleaded guilty to a string of charges brought by ASIC, including fraud.

ASIC finalises IOOF inquiry

ALEX BURKE  |  FRIDAY, 8 JUL 2016
ASIC has concluded its inquiry into allegations of insider trading and governance breaches made against IOOF.

SMSF payroll tax litigation under microscope

DARREN SNYDER  |  THURSDAY, 7 JUL 2016
A superannuation and insurance lawyer says recent litigation in Queensland will be watched closely with the possibility that SMSFs could be included in payroll tax groups.

Former adviser charged with fraud

KERRIE SYDEE  |  TUESDAY, 5 JUL 2016
A former financial adviser and accountant has been charged with multiple counts of fraud involving approximately $800,000.

AFSL cancelled for Sydney firm

KERRIE SYDEE  |  MONDAY, 4 JUL 2016
ASIC has cancelled the Australian financial services licence (AFSL) of a Sydney based financial planning firm for failing to meet a number of key obligations.

ASIC drops Macquarie AFSL conditions

KERRIE SYDEE  |  FRIDAY, 1 JUL 2016
ASIC has removed the additional conditions placed on Macquarie Bank's Australian financial service licence (AFSL) following KPMG's review of the company.

ASIC cancels AFSL of liquidated firm

KERRIE SYDEE  |  WEDNESDAY, 29 JUN 2016
ASIC has cancelled the Australian financial services licence (AFSL) of a Queensland based financial services firm.