ASIC

Financial planning

The corporate regulator has cancelled the AFSL of mortgage scheme responsible entity, DD&D Securities for failing to comply with obligations....

Financial planning

ASIC proposes peer review financial services panel

ASIC is consulting on its proposal to establish a financial services panel to be responsible for determining whether the body should ban individuals from financial servic...

Financial planning

ASIC wants tougher breach reporting obligations

ASIC has proposed imposing tougher breach reporting obligations on banks and financial services firms for significant breaches and misconduct in a consultation paper....

Financial planning

Adviser background checks still an issue: ASIC

While the financial advice industry was largely on the path to professionalism and efficiency, background checks when hiring new advisers need to be more robust, ASIC sai...

Policy & Regulation

From Montego Bay to Salzburg, Medcraft is on the job

Australian Securities and Investments Commission chairman, Greg Medcraft has outlined a busy global travel schedule as he winds up his time at the head of the regulator....

Financial planning

Emerging market issuers face cultural and language barriers

Language and cultural barriers were the key risks for emerging market issuers, according to ASIC....

Policy & Regulation

ASIC wants powers beyond its FOFA mandate

The Australian Securities and Investments Commission has urged a Senate Committee to give it powers to deal with licensees and planners beyond those contained in the FOFA...

Policy & Regulation

Fintech licence exemption no huge difference

ASIC’s licence exemption for fintechs to test products without a licence would not make a ‘material difference’ to everybody across the industry....

Financial planning

AAT upholds ASIC adviser banning

The AAT has reinforced ASIC’s banning of former Morgans Financial Limited client adviser, Ryan Batros from providing financial services for five years....

Financial planning

AFA concerned about ASIC funding model

The AFA has voiced concerns ASIC’s industry funding model would pass costs aimed to remediate poor advisers on to all advisers....

Financial planning

ASIC funding model targets innocent advisers

The ASIC industry funding model bill failed to differentiate between miscreants and those advisers who did the right thing and provided no discounts for the latter....

Life/Risk

No need for independent claims body

An additional layer of assistance to help consumers make a claim would add more confusion and would be seen as a way to discourage consumers from making a claim, a panel ...