ASIC

Policy & Regulation

The Australian Securities and Investments Commission has rated the credit ratings houses via a surveillance and found them wanting in some key areas....

Life/Risk

Should life insurers be allowed to unilaterally amend policies?

The Financial Services Council has confirmed to a Parliamentary Committee that it wants life insurers to have the right to unilaterally amend policies provided it does no...

Policy & Regulation

Poidevin wins AAT stay on ASIC banning order

Former Wallabies great and managing director of Corporate Broking at Bell Potter Securities, Simon Poidevin, has won a stay against an ASIC banning order....

Policy & Regulation

Will ASIC get competition powers?

The Productivity Commission is urging that the regulators be given more power to drive competition in the financial services industry....

Policy & Regulation

ASIC lays charges against former FX trader

Former New South Wales foreign exchange trader, Andrew Donaldson, has been charged with using his position as an employee dishonestly with the intention of gaining an adv...

Policy & Regulation

ASIC canvasses more power on retail hybrids

The Australian Securities and Investments Commission has canvassed having more powers to deal with retail sales of hybrid securities despite not having raised concerns wi...

Financial planning

ASIC bans broker from credit

ASIC has banned a New South Wales mortgage broker, Michael Wilkins, from engaging in credit activities for three years. ...

Financial planning

ASIC points to inherent conflicts in vertical integration

A new Australian Securities and Investments Commission report has repeated the regulator’s contention that vertical integration gives rises to inherent conflicts of inter...

Policy & Regulation

HLB Mann Judd in voluntary exclusion

HLB Mann Judd has voluntarily excluded itself from providing advice as an independent expert, effectively denying itself significant corporate transaction work....

Policy & Regulation

ASIC points to four-year delay on OTC derivatives

The Australian Securities and Investments Commission has told a Parliamentary Committee it will be four years and $19 million later before it is equipped to monitor whole...

Financial planning

ASIC permanently bans South Australian adviser

A South Australian financial adviser has been banned by the Australian Securities and Investments Commission on the basis that he is not of good fame or character....

Financial planning

ASIC issues first crowd-funding licenses

The Government has welcomed ASIC’s decision to issue the first batch of licences enabling intermediaries to help small firms to raise funds through crowdfunding....

Policy & Regulation

Adviser permanently banned by ASIC

An adviser who directed client fees to his own account has been permanently banned by the Australian Securities and Investments Commission....

Policy & Regulation

Govt sets terms of ASIC product intervention powers

The Federal Government has released the exposure draft legislation granting the Australian Securities and Investments Commission product intervention powers and the abil...

Financial planning

Former MyPlanner adviser enters EU

An Australian Securities and Investments Commission surveillance has resulted in a former MyPlanner adviser entering into an EU excluding him from the industry for two ye...