All posts tagged "best interests"
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376Australia & NZNew Zealand Fund Manager Fees Overshadow Performance: FMA
Fund managers are showing repeatable performance but the "benefits of their skill" are being overshadowed by fees and commissions paid to third parties.
May 20, 2022 -
547EnforcementSFC Bans China Tonghai Securities Representative for 20 Months
The representative conducted 1,089 trades in clients’ stock options accounts but was only given specific authorisation for 87 trades of the trades.
April 13, 2022 -
1.5KAML / KYCHKMA, SFC Allow Intermediaries to Offer Crypto Services
Authorised institutions and licensed corporations wishing to offer virtual asset dealing services can do so only by partnering with SFC-licensed trading platforms.
January 31, 2022 -
251Australia & NZAPRA Clarifies Position on Standards for Insurance in Superannuation
APRA will not proceed with a proposed requirement for independent certification of priority and privilege arrangements to avoid "unintended consequences".
September 23, 2021 -
514EnforcementBursa Malaysia Punishes RHB Investment Bank Representatives
The dealer’s representatives engaged in discretionary trading without proper authorisation, causing "significant losses" to a client.
September 14, 2021 -
244AML / KYCSFC Suspends Former Emperor Representative for 2 Years
The broker transferred client money through bank accounts he owned to help two clients transfer money to/from the Mainland, among other violations.
September 1, 2021 -
257Australia & NZWestpac Subsidiaries Fined for Breaching Best Interests Duty
Westpac Securities Administration and BT Funds Management were fined for failing to act in their clients' best interests in a case that dates back to 2016.
August 26, 2021 -
426Australia & NZAustralia Refines Super Fund Rules on Portfolio Disclosures
The regulations have been refined to ensure the disclosure regime for superannuation fund portfolio holdings is cost-effective and in members best interests.
August 19, 2021 -
170Australia & NZAustralia to Further Amend Design & Distribution Obligations Law
The planned changes will make the DDOs law more appropriate for the mortgage broking sector, and clarify that margin lending to corporates is exempt, among other changes.
August 16, 2021 -
252Australia & NZ
APRA Raises Expectations on Superannuation Entities
APRA has written to RSE licensees describing their key obligations in light of the introduction of the Your Future, Your Super reforms.
August 2, 2021
