All posts tagged "ASIC"
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134Australia & NZASIC Approves Variations to Banking Code of Practice
The changes extend the Covid-19 Special Note for six months to September 2021, and amend definitions to bring more small businesses into scope.
January 11, 2021 -
94EnforcementIOSCO Issues Guidance on Addressing Misconduct During Stress Events
Extreme price volatility, profitability pressures, psychological stressors, remote working and aggressive advertising were some of the drivers of misconduct risk during the pandemic.
December 31, 2020 -
166Australia & NZASIC Demands Better Practices to Improve Audit Quality
ASIC is currently considering or progressing enforcement action for auditor misconduct in twelve cases, as part of efforts to improve audit quality.
December 30, 2020 -
281Australia & NZASIC Probes Market Participants for Possible Best Execution Failures
ASIC is concerned Chi-X as an alternative venue did not see more trading activity during ASX's November outage, as would be expected given participants' best execution duty to clients.
December 22, 2020 -
152Australia & NZ
ASIC Consults on Internal Dispute Resolution Reporting Requirements
ASIC has adopted feedback on the data reporting requirements from an earlier consultation. Additional feedback is needed before it confirms the next steps for implementation.
December 21, 2020 -
138Australia & NZAPRA, ASIC Offer Guidance on Super Fund Obligations
Super funds can capitalise on potential synergies when building systems and processes for their Member Outcomes obligations and Product design and distribution obligations.
December 18, 2020 -
119Australia & NZASIC Defers Super Fund Requirement to Disclose Portfolio Holdings
The one-year deferral is necessary as supporting regulations have not yet been made. ASIC encourages super funds to voluntarily disclose portfolio holdings.
December 16, 2020 -
153Australia & NZ
ASIC Sues Three Firms For Illicitly Offering FX Margin Trading
ASIC alleges Union Standard provided trading in margin FX products to clients in China in circumstances where it was illegal for Chinese residents to deal or trade in those products.
December 16, 2020 -
135Australia & NZ
ASIC Warns Against Noncompliance with Conflicted Remuneration Ban
ASIC issued updates to RG 246 that would reflect the end grandfathering of conflicted remuneration for financial product advice from 1 January 2021.
December 15, 2020 -
113Australia & NZAustralia to Further Streamline Financial Advice Regulations
Streamlining the number of bodies involved in financial adviser oversight will reduce complexity and add value for retail investors, said SAFAA CEO Judith Fox.
December 15, 2020
