The guidance explains the FMA's approach to applying and enforcing Code Standard 3 of the Code of Professional Conduct for Financial Advice Services.
July 7, 2022APRA proposes to require FIs to publicly disclose how their remuneration arrangements are designed and how risk is factored into remuneration outcomes for key executives.
July 7, 2022The board and senior management shall be held "jointly accountable" for bancassurance/bancatakaful products that result in "poor consumer outcomes".
July 3, 2022Foreign institutional investors permitted to participate in the interbank bond market are also allowed to participate in both the SSE and SZSE's exchange bond markets
July 1, 2022Banks, 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, 2022The FMA will perform audit quality reviews every two years for the big 4 audit firms and once every three years for the other registered audit firms.
June 22, 2022High cash balances resulted in lower returns for robo-adviser clients. The effect of this "cash drag" was not disclosed to clients, the SEC said.
June 16, 2022Being ‘true to label’ is a regulatory must-have when it comes to sustainability-related products, says ASIC deputy chair Karen Chester.
June 14, 2022Bank of China, China Everbright Bank, and their two wealth management subsidies were fined a total of almost CNY 15 million.
June 9, 2022Forms of misconduct which have been present for hundreds of years are playing out in new digital asset classes, including crypto assets and NFTs.
June 9, 2022