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Funds management
ASIC has taken aim at distributors of over-the-counter derivatives after a review found improvements are needed in how they meet design and distribution obligations, havi...
Policy & Regulation
Proposals to place US or UK-style restrictions on products in the Australian managed investment schemes would be “radical” when ASIC already has significant product inter...
Funds management
The order for Vasco’s Pivotal Diversified Fund stemmed from concerns regarding the deficiencies in the target market determination of the fund. ...
Funds management
ASIC has commenced its first civil penalty action against a distributor of financial products in the Federal Court for alleged breaches of the design and distribution obl...
Funds management
ASIC has placed interim stop orders on four funds from two companies, taking the number of orders to more than 20 to date under the design and distribution obligations....
Funds management
ASIC has issued interim stop orders for Perpetual Investment Management to prevent the firm from distributing two funds to retail investors. ...
Financial planning
Having already enacted 11 interim stop orders regarding target market determinations, the industry should not expect ASIC to slow down and using templates could be one ca...
Funds management
ASIC has made interim stop orders against three crypto funds from Holon Investments Australia....
Policy & Regulation
The corporate regulator has made an interim stop order on a fund investing in shopping centres because of a non-compliant target market determination....
Funds management
ASIC has made interim stop orders on two property funds after failings with their target market determination statements....
Financial planning
Removing Design and Distribution Obligations for providers of personal advice is a key recommendation in the Institute of Managed Professionals’ submission to the Quality...
Financial planning
ASIC has acknowledged criticism that it failed to do enough to stop the failure of Sterling and said it will be testing its intervention powers in the future under the De...
Funds management
Schroders will cut the minimum investment limit in its Specialist Private Equity fund to better match what an appropriate portfolio allocation will be, due to design and ...
Policy & Regulation
The corporate regulator’s product intervention powers would not have provided a faster solution but its design and distribution obligations could have led to a stop order...
Financial planning
October sees the introduction of further Royal Commission recommendations and design and distribution obligations, heaping further pressure on financial advisers. ...
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Podcast
My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...
Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...
How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...