regulation

Financial planning

Stop prioritising compliance over client needs says SMSF Association

The current regulatory regime around financial planning is driving up costs by prioritising compliance and the needs of licensees over those of consumers, according to th...

Financial planning

Regulation changes named one of top business risks in Australia

Changes in legislation and regulation have been named as the one of the top business risks in Australia although the COVID-19 pandemic still remains people’s biggest worr...

Financial planning

Central message to ASIC: Give us regulatory consistency

Regulatory consistency represents one of the keys to financial advisers being able to deliver affordable advice according to key submissions filed with the Australian Sec...

Funds management

BNP Paribas Securities Services expands initial margin services

The expansion will help financial institutions in Asia Pacific to manage initial margin requirements that are gradually coming into force. ...

Policy & Regulation

AFA wants greater oversight of ASIC funding

The funding of consumer submissions by the Australian Securities and Investments Commission’s Consumer Advisory Panel warrants greater scrutiny of the regulator and its a...

Policy & Regulation

ASIC warns of ‘significant escalation’ in unlicensed advice

The Australian Securities and Investments Commission has seen a “significant escalation” in complaints about unlicensed operators providing financial product advice witho...

Policy & Regulation

Illegal Chinese activity lands derivatives provider in court

The corporate regulator has commenced proceedings against Sydney-based derivatives provider Union Standard International Group over illegal Chinese activities....

Financial planning

FPA urges imposition of regulatory requirements on 'strategic advice'

Advisers providing "strategic advice” or financial coaching should be subject to the same regulatory obligations as other advisers, according to the Financial Planning As...

Editorial

ASIC needs to be a regulator, not a revenue centre

The standing aside of Australian Securities and Investments Commission chair, James Shipton, points to fundamental issues with respect to the regulator....

Policy & Regulation

Craig Gore found guilty of six counts of fraud

The Queensland property developer has been found guilty of six counts of self-managed super fund fraud totalling $345,000, having initially arrested back in 2017....

Financial planning

FSC argues for pragmatism on cost of advice

The COVID-19 pandemic could act as the catalyst for regulatory pragmatism aimed at lowering the cost of advice, according to the Financial Services Council....

Funds management

Regulation presents biggest threat to Facebook

Shares in Facebook have risen 25% since the start of 2020 but every company that has a similar growth profile as the social network is trading higher, according to Capita...

Financial planning

ASIC cuts Vic advisers a break on FDSs and renewals

Victorian financial advisers impacted by the COVID-19 lockdowns can rely on a “no action” position on the part of the Australian Securities and Investments Commission wit...

Superannuation

NAB super entities hit by $57.5 million court penalties

National Australia Bank super entities NULIS and MLC Nominees have been hit by Federal Court penalties out of an Australian Securities and Investments Commission action o...

Policy & Regulation

We have the power to obtain documents says ASIC

Financial services companies cannot necessarily rely on claims of legal privilege to prevent the Australian Securities and Investments Commission obtaining documents – so...