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Regulatory

APRA accepts EU from former Trio director

CLAIRE MCGREAL  |  FRIDAY, 4 NOV 2011
The Australian Prudential Regulation Authority has accepted an enforceable undertaking from the remaining Trio Capital director David O'Bryen.

ASIC seeks interim orders against Equititrust

ELISE BURGESS  |  THURSDAY, 3 NOV 2011
ASIC has sought interim orders against Equititrust Limited for two of its managed investment schemes from the Supreme Court of Queensland while the regulator considers its actions after a suspected breach in licence.

Congressmen agitate for US transaction tax

ALEX DUNNIN  |  THURSDAY, 3 NOV 2011
Two US Congressional Democrats have announced they will again present legislation to introduce a US transaction tax modelled on the European transaction tax that is already set to take effect from 2014.

ASIC annual report highlights industry trends

ELISE BURGESS  |  MONDAY, 31 OCT 2011
The ASIC annual report presented a wide picture of the industry, including details of over 15,000 alleged misconduct cases, inside trends and its results for the financial year.

AAT grants stay for AFSL cancellation decision

ELISE BURGESS  |  FRIDAY, 28 OCT 2011
The Administrative Appeals Tribunal has granted a stay on ASIC's ban of Romad Financial Services licence, although not without a number of conditions.

DHS to takeover early super release on compassionate grounds

CLAIRE MCGREAL  |  FRIDAY, 28 OCT 2011
The government has announced a structural shake-up of the early release of superannuation benefits on specified compassionate grounds.

Industry funds not our focus: Cormann

ELISE BURGESS  |  WEDNESDAY, 26 OCT 2011
Opt-in, best interest duty and the renewed call for pressure on public policy were under the spotlight as advisers gathered to hear from the Opposition on the introduction of reforms in the advice industry.

ASIC suspends Far East AFSL

CLAIRE MCGREAL  |  TUESDAY, 25 OCT 2011
An independent Sydney-based private investment bank has had its Australian financial services (AFS) license suspended for failing to lodge financial statements.

ASIC releases equity market structure paper

ELISE BURGESS  |  MONDAY, 24 OCT 2011
Submissions are now being received for ASIC's second-phase consultation paper on equity market structure issues assessing the latest developments in Australia's financial markets.

Exec pay in Australia too high

ALEX DUNNIN  |  MONDAY, 24 OCT 2011
Executive compensation in Australian listed companies is out of step and needs to be brought back into alignment with investor interests, said Schroders deputy head of Australian equities in a briefing note.