ASIC

Policy & Regulation

The Auditor-General has given ASIC a pass mark on how it handles EUs, agreeing it does not favour the big end of town but urging more transparency around negotiated outco...

Financial planning

Former Westpac staffer faces $2.5m fraud charges

A banned former Westpac Bank Finance Manager will appear before Southport Magistrate Court next month to face fraud charges. ...

Funds management

BBY receivers to transfer clients to other broker

Clients of suspended stockbrokers BBY Ltd will be transferred to other brokerages after the company entered voluntary administration last week....

Financial planning

TCI Capital Advisers’ AFSL cancelled

ASIC has cancelled Melbourne-based advice group, TCI Capital Advisers’ AFSL over compliance concerns....

Financial planning

ASIC and Treasury told to be realistic

ASIC and the Federal Treasury have been told to get real about the time needed to implement significant legislative and regulatory change in financial services....

Financial planning

ASIC turns focus to women finances

The corporate regulator has launched a money toolkit tailor-made for women, as part of its push for financial literacy....

Policy & Regulation

ASIC targets margin FX provider

ASIC has cracked down on a margin foreign exchange provider after it provided unlicensed financial services to Australian investors and had misleading information on its...

Financial planning

ASIC’s registry business on the market

The Government has moved to market test the sale of ASIC’s registry business....

Policy & Regulation

ASIC cancels licence of FX provider.

ASIC has cancelled the AFSL of an foreign exchange provider after an investigation found it failed with its obligations, including making false and misleading statements....

Financial planning

ASIC requests planner surrender passport

A financial planner has been ordered to surrender his passport following an ASIC request and investigation into alleged unauthorised withdrawals of client funds....

Financial planning

ASIC introduces digital financial reporting

ASIC announces the release an online XBRL to enable human readable digital financial reports instead of lodging paper financial reports....

Financial planning

ASIC to issue RG on advice remediation

ASIC has moved to issue a Regulatory Guide based on the recent remediation exercises flowing from major planning failures....

Financial planning

Untrained adviser gets three-year ban

ASIC has banned a former Sydney-based financial adviser who was not trained or competent to provide financial services for three years....

Financial planning

ASIC's facilitative approach to end on 1 July

ASIC facilitative approach to the FOFA changes will end on 1 July. ...

Financial planning

Concerns expressed over relevance of bodies on adviser register

The FPA is concerned that professional associations listed on ASIC’s Financial Advisers Register may not be relevant to advice and confuse consumers....