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Regulatory

ASIC raises bar on OTC derivatives

MELANIE TIMBRELL  |  WEDNESDAY, 1 AUG 2012
Issuers of OTC derivatives, including CFDs and margin foreign exchange derivatives, will have to meet new financial requirements just released by ASIC.

Trust tax reform can be split

MELANIE TIMBRELL  |  TUESDAY, 31 JUL 2012
Assistant Treasurer David Bradbury's announcement yesterday of a further delay to tax reform for trusts has sparked debate over the relative merit of using the same timetable for a number of reform strands.

ASIC cancel Morrison Carr AFSL

LINDA HAUSKEN  |  TUESDAY, 31 JUL 2012
Australian Securities & Investments Commission has cancelled the Australian financial services and credit license of Morrison Carr Financial Services following a surveillance of the national planning business

TO Panel rejects HDF complaint

BEN COLLINS  |  TUESDAY, 31 JUL 2012
The Takeovers Panel has said it won't investigate a complaint over the sale of the Hastings Diversified Utilities Fund made by Australian Foundation Investment Company Limited - a unit holder in the infrastructure fund.

US releases model FATCA agreement

MELANIE TIMBRELL  |  MONDAY, 30 JUL 2012
US Treasury has released details for future intergovernmental agreements on FATCA, a step that the Financial Services Council says brings resolution of the US-Australia potential compliance problem one step closer.

Cormann criticises trust reform delay

MELANIE TIMBRELL  |  MONDAY, 30 JUL 2012
Shadow Minister for Financial Services Mathias Cormann has criticised an additional delay on promised tax reform for managed investment trusts.

ASIC boosts Stronger Super education program

LINDA HAUSKEN  |  FRIDAY, 27 JUL 2012
The Australian Securities & Investments Commission has developed several initiatives to inform and educate the superannuation industry through the implementation of the Stronger Super reforms.

ASX small caps new listing rules finalised

MELANIE TIMBRELL  |  THURSDAY, 26 JUL 2012
The ASX has finalised new listings rules for small and medium sized companies following industry feedback on original proposals released in April.

"Bad apples" slipping through the cracks: ASIC

BEN COLLINS  |  THURSDAY, 26 JUL 2012
The corporate regulator has put licensees on notice, saying there is growing concern that "bad apples" in the industry are slipping through the cracks because of poor reference checking when advisers swap between groups.

Model FATCA intergov agreement imminent

MELANIE TIMBRELL  |  THURSDAY, 26 JUL 2012
Following talks with US Treasury officials, the FSC said a model intergovernmental agreement on FATCA would be released in the next few weeks.