ASIC

Editorial

The Australian Securities and Investments Commission has done much post-Royal Commission chest-beating about pursuing litigation but it needs to translate that tough talk...

Policy & Regulation

ANZ complies with ASIC enforcement

The Australian Securities and Investments Commission has announced ANZ has complied with the court enforceable undertaking regarding its fees for no service conduct for i...

Life/Risk

Industry bodies unite to protect life insurance commissions

The financial planning industry’s two major member associations have confirmed that they will be taking a joint approach to the regulator’s life insurance review, with re...

People & Products

Peter Kell joins ratings commission panel

Former Australian Securities and Investments Commission deputy chair Peter Kell is joining a panel on licensee reporting set up by Adviser Ratings....

Policy & Regulation

ASIC initiates ground-breaking conflicted remuneration case

The Australian Securities and Investments Commission has broken new legal ground initiating civil proceedings against a firm which accepted remuneration after encouraging...

Financial planning

ASIC questioned on salaried planner consistency

A number of financial advisers have questioned whether the Australian Securities and Investments Commission is being consistent in its treatment of salaried financial pla...

Financial planning

FPA urged Treasury to differentiate between large and small licensees

The Financial Planning Association urged the Treasury to ensure the costs of extra regulatory scrutiny of major licensees such as the banks and AMP were not ultimately ca...

Financial planning

Commonwealth FP clears EU obligation to ASIC

The Australian Securities and Investments Commission has confirmed that Commonwealth Financial Planning has cleared its enforceable undertaking obligations regarding fee ...

Policy & Regulation

ASIC pursues court action against banned adviser

Eighteen months after he was permanently banned by the Australian Securities and Investments Commission, an Adelaide adviser is now facing charges brought by the regulato...

Policy & Regulation

New minister Hume faces continuing Trio/Astarra claims

The newly-installed Assistant Minister for Financial Services, Senator Jane Hume, is being asked to review why the Government did not compensate some Trio/Astarra collaps...

Policy & Regulation

Law Council fires warning shot at ASIC’s Crennan

The Law Council of Australia has fired a warning shot over the bows of the Australian Securities and Investments Commission deputy chairman, Daniel Crennan QC, over comme...

Superannuation

ASIC amends relief conditions for superannuation and retirement calculators

The Australian Securities and Investments Commission has amended relief conditions for superannuation and retirement calculators....

Policy & Regulation

ASIC issues retail OTC warning

The Australian Securities and Investments Commission has issued another clear warning to retail Over the Counter derivatives traders about the limitations of their licens...

Policy & Regulation

Macquarie Securities pays $300,000 infringement notice

Macquarie has paid a $300,000 penalty to comply with an infringement notice given by the MDP....

Life/Risk

Retail insurance laws to require greater diligence from sellers

While the new design and distribution obligations for retail insurance products will impact insurers more, sellers of retail insurance products will still see some new re...