The draft rules seek to strengthen supervision and control of fund investment consulting businesses, and improve services for investors.
June 14, 2023ANZ received sensitive information or documents about borrowers from unlicenced third parties through its introducer programme.
March 13, 2023SEBI proposes to eliminate upfront fees charged to investors in AIFs, and to require mandatory dematerialisation of AIF units, among other changes.
February 12, 2023Financial industry associations say a ban on commissions paid to financial advisers for selling financial products would harm consumers.
January 25, 2023The rules strengthen requirements for firms to protect customers and implement transaction management and process controls.
January 24, 2023Banks, insurers and non-bank deposit takers will be required to obtain a conduct licence from the FMA, on top of their prudential licences from the RBNZ.
July 1, 2022Fund managers are showing repeatable performance but the "benefits of their skill" are being overshadowed by fees and commissions paid to third parties.
May 20, 2022On top of a A$20mn penalty, BT Funds Management will pay A$9.8mn in remediation to over 9.900 superannuation members.
April 11, 2022The ICAC charged the six former employees with conspiracy to defraud AXA of over HKD 950,000 in commissions and bonuses.
December 24, 2021Westpac has already agreed to admit to the allegations, remediate A$80mn to customers, and pay A$113mn in penalties, subject to court approval.
November 30, 2021