All posts tagged "best interests"
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171Australia & 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 -
261EnforcementBursa 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 -
182AML / 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 -
128Australia & 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 -
319Australia & 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 -
110Australia & 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 -
176Australia & 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 -
128ChinaCBIRC Issues Final Rules on Evaluating Bank Director Performance
The new rules, effective 1 July, will strengthen and standardise performance evaluations of directors and supervisors of banks and insurers, the CBIRC said.
June 2, 2021 -
152Australia & NZ
Australia Introduces ‘Your Future, Your Super’ Bill to Parliament
Industry bodies ISA and AIST say the legislation doesn’t go far enough and are pushing for the legislation to be reviewed by a Senate Committee.
February 19, 2021 -
535Australia & NZNew Zealand FMA Proposes New Guidance on KiwiSaver Fees
The proposed guidance sets out ongoing obligations for KiwiSaver schemes to regularly review their fees to ensure members not being charged unreasonable fees.
November 5, 2020
