ASIC

Tech

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...

Financial planning

ASIC failed in solving Trio case

The VOFF group has accused ASIC of valuing its own crisis management control over public interest in the way it handled the investigation of the Trio Capital fraud case....

Financial planning

ASIC permanently bans man for spruiking

ASIC has permanently banned John Dimitropoulos from financial services in connection with property and SMSF spruiking....

Policy & Regulation

ASIC facilitates crowd-sourced funding by public firms

ASIC has released guidance for public firms and crowd-funding platform operators on how to use the new crowd-sourced regime....

Policy & Regulation

Labor vetoes Govt’s rumoured ASIC appointee

The Federal Opposition has said it will veto the appointment of former banker, John O’Sullivan, if he is nominated as the new chairman of the Australian Securities and In...

Financial planning

Have shelf space fees become ‘training fees’?

A senior parliamentarian has quizzed the Australian Securities and Investments Commission on whether insurers have simply converted the payment of shelf space fees to ‘tr...

Funds management

ASIC issues stop order on Theta products

ASIC has issued a stop order on Product Disclosure Statements issued by Theta Asset Management due to concerns regarding inadequate disclosure of risks....