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Regulatory

Lonsec shuts door on rating 'shopping' with new rankings

MARK SMITH  |  THURSDAY, 4 JUL 2013
Research house Lonsec has added two new ratings, including one which gives greater transparency for instances where a product is removed from the rating process - a practice used by managers to avoid unfavourable ratings.

ASIC increases NTA requirements for custodians

JAMES FERNYHOUGH  |  MONDAY, 1 JUL 2013
The Australian Securities and Investments Commission (ASIC) has introduced new regulations over the amount custodians are required to hold in net tangible assets (NTA).

FSC lobbies Rudd for last minute FoFA delay

MARK SMITH  |  THURSDAY, 27 JUN 2013
The Financial Services Council (FSC) has asked new Prime Minister Kevin Rudd for a last-minute delay to the commencement of the Future of Financial Advice (FoFA) and StrongerSuper reforms.

Global ETF regulation proposed

ALEX DUNNIN  |  THURSDAY, 27 JUN 2013
The International Organisation of Securities Commission (IOSCO) has issued a report outlining how it wants exchange traded investment vehicles regulated globally.

IMF to fund claims against Lehman Asia

MARK SMITH  |  WEDNESDAY, 19 JUN 2013
Listed legal funding company IMF has agreed to fund claims which have been filed in the High Court of Hong Kong this week on behalf of 63 churches, councils and charities against Lehman Asia.

Company director charged with QLD property fraud

JAMES FERNYHOUGH  |  WEDNESDAY, 19 JUN 2013
Company director Steven William Hill has appeared in the Bathurst Magistrates Court facing eight counts of fraudulent misappropriation, following an investigation by the Australian Securities and Investments Commission (ASIC).

ASIC relaxes HFT and dark pool proposals

MARK SMITH  |  TUESDAY, 18 JUN 2013
The Australian Securities and Investments Commission (ASIC) has relaxed parts of its proposed rule changes for dark pools and high-frequency trading (HFT) after extensive consultation with the industry.

ASIC releases more detail on limited AFS licence

LAURA MILLAN  |  MONDAY, 17 JUN 2013
The Australian Securities and Investments Commission (ASIC) has released guidance on applying for a limited Australian financial services (AFS) licence.

FSC and ASFA to review SRM

LAURA MILLAN  |  FRIDAY, 14 JUN 2013
The Financial Services Council (FSC) and the Association of Superannuation Funds of Australia (ASFA) are reviewing the Standard Risk Measure (SRM) a year after its launch.

Corporate super specialists ask Treasury for FoFA exemption

JAMES FERNYHOUGH  |  FRIDAY, 7 JUN 2013
The Corporate Super Specialists Alliance is in talks with Treasury after the Australian Securities and Investments Commission (ASIC ) refused to grant a no-action letter to corporate super specialists.