The latest issue of Financial Standard now available as an e-newspaper
|The corporate regulator has confirmed it is undertaking a review of ESG funds, analysing whether they're as 'green' as they claim to be.|
|Member complaints about superannuation to AFCA fell 31% in the year ending 30 June 2021, after a spike in FY20 stemming from the early release of superannuation allowed during the pandemic.|
|Trading platform Robinhood has been slapped with a US$70 million fine, deemed to be the largest financial penalty handed down by the Financial Industry Regulatory Authority.|
|The corporate regulator has opened consultation on proposed amendments to market integrity rules that aim to reduce the regulatory burden on participants.|
|ASIC is consulting on how ETPs investing in cryptoassets can meet existing regulatory expectations, with the regulator particularly interested in identifying suitable cryptoassets for such products and ensuring good practice in terms of pricing and risk ...|
|Superannuation trustee chief executives have been advised to operate under the assumption that all their offerings must meet the requirements of the Product Design and Distribution Obligations (DDO) legislation.|
|The UK Financial Conduct Authority has banned well-known and popular crypto exchange Binance from operating in its jurisdiction.|
|The corporate regulator has removed AFS licence conditions imposed on the French bank after it breached client money obligations.|
|The government has introduced draft exposure legislation that will allow companies to use technology in meetings while satisfying the Corporations Act 2001 requirements.|
|The Australian Transaction Reports and Analysis Centre (AUSTRAC), which has handed out record fines to the big banks, will face new scrutiny from the Senate.|
Australian Ethical introduced a new high conviction fund to wholesale clients, investing in a range of sectors including local healthcare, renewables and technology stocks within the S&P ASX 300.
The super industry is calling for mandated consistency on portfolio holdings disclosure after it was recommended the Future Fund be exempt from disclosing commercially sensitive information.
Capstone Financial Planning has revoked the authorisation of Mark Babbage, the Victorian financial adviser jailed for breaching Western Australia's strict border restrictions to attend the AFL Grand Final.
Ellerston Capital will terminate the Morphic Global Opportunities Fund later this month as a result of dwindling funds under management.
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