The latest issue of Financial Standard now available as an e-newspaper
|The government has passed legislation that will see the establishment of an independent body that will review the effectiveness of both the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA).|
|The corporate regulator has fined Life Trading $200,000 and imposed an enforceable undertaking after it was found to have inappropriate supervisory policies and procedures in place.|
|ASIC is changing a class order that will allow ETF issuers in Australia to use offshore market makers.|
|The corporate regulator is fighting tooth and nail to make National Australia Bank pay a hefty penalty for charging customers fees in return for no service.|
|The Australian Securities and Investments Commission (ASIC) has dropped enforcement action against Regal Funds Management following an investigation in 2019.|
|Embattled Mayfair 101 founder James Mawhinney is maintaining his innocence, fighting his 20-year ban from soliciting and receiving funds in relation to financial products.|
|The government will soon introduce a regulatory reform package on Financial Market Infrastructure (FMI) following a review by Australia's financial regulators.|
|Audits of defunct stockbroker Halifax have resulted in the first criminal charges ever laid in Australia for failure to comply with auditing standards.|
|National Australia Bank and its subsidiaries, including JBWere, are allegedly failing their anti-money laundering and counter-terrorism financing obligations, according to AUSTRAC.|
|Australian regulators expect institutions to cease the use of LIBOR in new contracts before the end of 2021.|
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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