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Regulatory

FOFA guidance released

BEN COLLINS  |  FRIDAY, 14 DEC 2012
Two key pieces of guidance for the Federal Government's Future of Financial Advice reforms were released by the Australian Securities & Investments Commission Yesterday.

APRA releases final Prudential Standard for MySuper transition

MARK STORY  |  THURSDAY, 13 DEC 2012
The Australian Prudential Regulation Authority (APRA) yesterday released final Prudential Standard SPS 410 MySuper Transition (SPS 410) and the final approved forms for application for authorisation to offer MySuper products and ERFs for the superannuation ...

Tax consultant cops two years jail for insider trading

MARK STORY  |  THURSDAY, 13 DEC 2012
Former PwC tax consultant, Nicholas Glynatsis was convicted on nine charges of insider trading by the NSW Supreme Court yesterday.

FoFA reforms dilute platform pricing power: Centurion

MARK SMITH  |  WEDNESDAY, 12 DEC 2012
Price pressure instigated by the future of financial advice (FoFA) reforms on planning licensees will be passed on to administration platforms and related services, according Centurion Market Makers' Chris Wrightson.

ASIC eyes off researchers

BEN COLLINS  |  TUESDAY, 11 DEC 2012
Australia's corporate watchdog will conduct targeted surveillance of research report providers after it unveiled updated policy to improve the reliability of their products yesterday.

New charity regulator promises less red tape

MARK SMITH  |  MONDAY, 10 DEC 2012
Australian charities could face less red tape and donors may feel more confident that their money is going where it should following the launch of a new national charity regulator today.

Wealth CEO's lambast regulatory reforms

BEN COLLINS  |  MONDAY, 10 DEC 2012
Bosses of Australia's $1.9 trillion wealth management industry think regulation is crippling their productivity, said the Financial Services Council after a survey released today.

ASIC extends shorter PDS regime relief

STAFF JOURNALIST  |  FRIDAY, 7 DEC 2012
ASIC has extended interim class order relief from the shorter PDS regime for multi-funds, superannuation platforms and hedge funds.

Insider trading gets former J.P. Morgan staffer jail

BEN COLLINS  |  THURSDAY, 6 DEC 2012
A former J.P. Morgan employee has been sentenced to 18 months jail by the NSW District Court after she gave inside information to a friend while working at the investment bank.

Jury out on AFSL uptake by accountants

BEN COLLINS  |  THURSDAY, 6 DEC 2012
Some accountants could have no choice but to take up the proposed Australian Financial Services License when it is finalised to retain their existing clients.