All posts tagged "ASIC"
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73Australia & NZAustralian Banks Face Backlash for Refusal to Finance Coal, Mining
Small business ombudsman Bruce Billson is seeking powers to compel banks to "show cause” for decisions to refuse services to companies.
May 7, 2021 -
102Australia & NZASIC Files Suit Against Westpac for Alleged Insider Trading
ASIC says Westpac traded interest rate derivatives to pre-position itself while knowing it would be selected to execute a A$12bn interest rate swap hours later.
May 6, 2021 -
57Australia & NZASIC Finds Client Detriment in Review of IOOF Licensees
In a statement, IOOF said that the advice file reviews highlighted by ASIC were already part of its existing remediation programmes of work.
May 3, 2021 -
48Australia & NZAustralia: Treasury to Merge Quality of Advice, Life Insurance Reviews
Rather than conducting two separate reviews, the quality of advice review will also consider the Life Insurance Framework as part of its wider mandate.
May 1, 2021 -
104Australia & NZTreasury Announces New Chair, Deputy Chair for ASIC
The Treasury also said will introduce legislation by mid-year to establish the FRAA, a new body to oversee the performance of ASIC and APRA.
May 1, 2021 -
120Australia & NZ
ASIC Seeks Feedback on New Breach Reporting Guidance
The draft regulatory guide provides clarification on what constitutes a reportable situation under the upcoming breach reporting reforms.
April 23, 2021 -
86Australia & NZAustralian Court Imposes 20-Year Ban on Mayfair 101 Director
James Mawhinney is prohibited from promoting and raising funds from the public through financial products for 20 years.
April 23, 2021 -
92Australia & NZAustralia Issues Draft Bill on Financial Advice Reforms
The bill will expand the role of ASIC's Financial Services and Credit Panel so that it operates as the single disciplinary body for financial advisers.
April 21, 2021 -
68AML / KYCAustralia Launches Next Phase of Business Registry Modernisation
Commissioner of Taxation Chris Jordan was appointed Registrar of the new ABRS, which will unify 32 business registers in Australia.
April 19, 2021 -
120Australia & NZ
ASIC Sets Expectations on New Complaints Handling Obligations
ASIC plans to check in with industry at various stages of RG 271’s implementation and assess whether its expectations about preparation are being met.
April 14, 2021
