ASIC

Policy & Regulation

The government has announced the appointment of a new ASIC chair for a five-year period, effective from 1 February next year....

Financial planning

Sentinel Private Wealth enters ASIC EU

Queensland planning firm Sentinel Private Wealth has entered an enforceable undertaking following an Australian Securities and Investments Commission surveillance....

Policy & Regulation

Government backs ASIC on product intervention

The Federal Government has thrown its support behind the move to give ASIC regulatory powers to ban the distribution of products it believes would cause harm....

Financial planning

ASIC scrutinising financial calculator relief

ASIC will be examining how firms were providing personal advice labelled as general advice by using the relief provided to those who use financial calculators....

Financial planning

ASICs resource problem could delay licensing applications

The proposed changes to strengthen ASIC’s licensing powers could destroy the value of an investment when there has been no misconduct....

Property

ASIC ups focus on interest-only home loans

The Australian Securities and Investment Commission has concluded the first stage of its targeted review of interest-only home loans. ...

Financial planning

FPA backs wider ASIC banning powers

The Financial Planning Association has urged giving the Australian Securities and Investments Commission the power to ban anyone in a financial services business whose ac...

Tech

ASIC continues compliance clampdown

Regtech solutions provider Red Marker and education provider Kaplan Professional have encouraged the use of regtech solutions to face ASIC scrutiny....

Policy & Regulation

Show us the regulatory proof of Report 413

On the third anniversary of ASIC Report 413 which gave rise to the Life Insurance Framework there are calls for regulatory proof that it was warranted....

Financial planning

ASIC releases cost recovery forecasts

ASIC has released its Cost Recovery Implementation Statement outlining its estimated regulatory costs in 2017/18 as part of the industry funding model. ...

Editorial

ASIC: Power without glory?

The Australian Securities and Investments Commission has received a substantial increase in its powers over the past decade but there are no guarantees this will translat...

Funds management

BGL’s Simple Fund 360 grows to 100,000 funds

BGL Corporate Solutions has today announced it recently passed 100,000 paid self-managed super funds on its Simple Fund 360 offering....

Policy & Regulation

Reverse mortgages under ASIC surveillance

Australian Securities and Investments Commission chairman, Greg Medcraft has confirmed reverse mortgages are currently the subject of regulatory surveillance....

Policy & Regulation

ASIC a winner with increased EDR powers

The Australian Securities and Investments Commission has admitted it has emerged a winner with greater powers and more discretion with respect to Australia’s financial se...

Policy & Regulation

ASIC not expecting to enforce codes

The Australian Securities and Investments Commission has said its role is to endorse, not enforce industry codes of conduct with enforcement being a role for industry ass...