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Regulatory

ASIC calls for comment on MIS liquidity

HAMISH MADDEN  |  WEDNESDAY, 4 JUL 2007
The Australian Securities and Investments Commission (ASIC) has issued a consultation paper proposing revised guidelines for managed investment schemes (MIS) and the liquidity responsibilities of managers.

APRA extends custodian downstream rule exemption

ALEX DUNNIN  |  TUESDAY, 3 JUL 2007
New regulations by the Australian Prudential Regulation Authority (APRA) extends the exemption custodians had from some previous downstream outsourcing prohibitions, but only if the primary custodian continues to carry all the responsibility.

Citigroup not guilty of insider trading

HAMISH MADDEN  |  FRIDAY, 29 JUN 2007
Citigroup has been found not guilty in the Federal Court of wrongdoing surrounding the trading of Patrick and Toll shares in the lead-up to the much publicised Toll takeover bid.

Most finance executives support ESG reporting

ALEX DUNNIN  |  THURSDAY, 28 JUN 2007
A survey of senior finance industry executives reveals that the economy-wide costs of ignoring sustainability issues such as climate change outweigh the costs of addressing it, but they believe more industry and national leadership is needed.

Super speeds past $1.1tr

HAMISH MADDEN  |  THURSDAY, 28 JUN 2007
Australian superannuation assets tipped over the $1.1 trillion mark in March, according to the latest figures released by the Australian Prudential Regulation Authority (APRA).

ATO launches SMSF info service

ALEX DUNNIN  |  TUESDAY, 26 JUN 2007
The BetterSuper inspired push for self-managed super funds (SMSF) has prompted the Australian Taxation Office (ATO) to launch a regular newsletter service to alert trustees about upcoming management and legislation issues that will affect them.

ASIC revises regulations for AFS license holders

CHRIS NICHOLLS  |  TUESDAY, 26 JUN 2007
The Australian Securities and Investments Commission (ASIC) has released two policy updates revising the regulations around the calculation of surplus liquid funds and adjustments for underwriters dealing with statutory exposure periods.

ASIC review to streamline IDPS rules

ALEX DUNNIN  |  THURSDAY, 21 JUN 2007
The Australian Securities and Investments Commission (ASIC) is undertaking its first ever review of the rules around licensing for Investor Directed Portfolio Services (IDPS) which it hopes will simplify some of their operating rules and reduce barriers ...

RBNZ to become single NZ financial regulator

WWW.THESHEET.COM  |  THURSDAY, 21 JUN 2007
New rules being introduced in New Zealand mean finance companies and other organisations that take deposits from the public and other institutions, such as insurers and collective investment schemes, will have to be licensed by the Reserve Bank of New ...

Finsia members approve sale

HAMISH MADDEN  |  TUESDAY, 19 JUN 2007
The sale of the Financial Services Institute of Australia's (Finsia) education arm to Kaplan has been approved by members.