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Regulatory

ASIC updates MIS guidance

LAURA MILLAN  |  THURSDAY, 6 JUN 2013
The Australian Securities and Investments Commission (ASIC) has revised its guidance for operators of registered managed investment schemes (MIS).

ISN calls for electronic auctions to block HFT leakage

MARK SMITH  |  WEDNESDAY, 5 JUN 2013
Industry Super Network (ISN) has called for the regulator to consider an electronic auction room for long-term investors, to halt the economic drain between high frequency traders and traditional market participants.

Board quotas an "embarrassment" for Australia: BlackRock

MARK SMITH  |  MONDAY, 3 JUN 2013
The introduction of quotas in a modern, egalitarian Australia "would prove to be an embarrassment," despite the obvious benefits that diversity brings, according to BlackRock.

Merrill Lynch to pay $120k over compliance infringement

JAMES FERNYHOUGH  |  MONDAY, 3 JUN 2013
Merrill Lynch Equities Limited has paid a penalty of $120,000 to comply with an infringement notice issued by the Markets Disciplinary Panel (MDP).

APRA sets dates for ERF transitions

JAMES FERNYHOUGH  |  MONDAY, 3 JUN 2013
The Australian Prudential Regulation Authority (APRA) has published the final superannuation prudential standard SPS 450 Eligible Rollover Fund (ERF) Transitions together with the response to consultation.

CAMAC recommends charitable trust audits

LAURA MILLAN  |  FRIDAY, 31 MAY 2013
The Corporations and Markets Advisory Committee (CAMAC) has recommended that charitable trusts managed by licensed trustee companies (LTC) be audited in a new report.

Infrastructure tax incentives put before Parliament

MARK SMITH  |  THURSDAY, 30 MAY 2013
Tax incentives for major infrastructure projects have been introduced into the House of Representatives.

Former boutique firm analyst pleads guilty to insider trading

ALICE URIBE  |  THURSDAY, 30 MAY 2013
A former analyst with boutique finance firm Lincoln Crowne & Company (LCC) has pleaded guilty to an insider trading charge following an Australian Securities and Investments Commission (ASIC) investigation.

Two Storm victims to receive $1.1m in compensation

MARK SMITH  |  WEDNESDAY, 29 MAY 2013
BOQ, Senrac and Macquarie have agreed to pay $1,100,000 in compensation for losses made by former Storm investors Barry and Deanna Doyle.

ASIC appeals Macquarie's Storm settlement

MARK SMITH  |  MONDAY, 27 MAY 2013
The Australian Securities and Investments Commission (ASIC) has appealed against the Federal Court's decision to approve a settlement between the former clients of Storm Financial and Macquarie Bank.