ASIC has commenced its first civil penalty case for alleged breaches of design and distribution obligations....

There is debate among industry associations about the benefits of a ‘rules advisory committee’ as proposed by the Australian Law Reform Commission....

While firms are putting cybersecurity measures in place, there is still a risk a breach could occur if they fail to train staff in the new systems and processes and ensur...

The Financial Services Council has warned it would be unwise for ASIC to be given greater powers in creating financial services legislation and any steps towards this sho...

Dealer group Spark Financial has entered into binding terms to become Australia’s first social business dealer group where 100% of its profits will go to charity....

Vanguard has received three infringement notices from ASIC over alleged greenwashing regarding overstating investment screens intended to prevent investment in tobacco sa...

ASIC has placed interim stop orders on four funds from two companies, taking the number of orders to more than 20 to date under the design and distribution obligations....

Only half of the cost synergies proposed by the Pendal/Perpetual acquisition are likely to be achieved, according to Morningstar, but combined FUM could reach $283 billio...

There are concerns regarding registrations on the Financial Advisers Register as smaller licensees close with backdated resignation dates. ...

Warakirri Asset Management has appointed Steven Carew as head of multi-boutique platform, a newly-created role for the firm. ...