All posts tagged "Financial Advice"
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292Australia & NZFMA Proposes Guidance for Advising on IPOs, Listed Equity
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, 2022 -
452EnforcementSFC Fines CES Capital for Fund Management Failures
CES Capital International failed to perform sufficient due diligence and monitoring of the underlying investments of two funds.
June 28, 2022 -
350Australia & NZASIC Issues New Guidance on Product Design and Distribution
ASIC has identified behavioural levers that can influence consumer outcomes and situational vulnerabilities that can amplify poor outcomes.
June 28, 2022 -
394Australia & NZ
NZ FMA Issues Record-keeping Guidance for Advice Firms
The FMA says a robust record keeping practice will enhance confidence in a financial advice provider's compliance framework.
May 30, 2022 -
397SingaporeSingapore: New Guidance Issued on Enhancing Insurer Service Quality
Singapore's Insurance Culture and Conduct Steering Committee published a third paper offering guidance on improving conduct and culture in the insurance ecosystem.
April 27, 2022 -
611Australia & NZAustralian Court Orders Westpac to Pay A$113m in Penalties
The penalties are the result of six proceedings brought by ASIC in November. Westpac had already agreed to pay the penalties and customer remediation.
April 25, 2022 -
448Australia & NZAustralia Consults on Regulatory Framework for Financial Advice
The consultation asks how fintech could help reduce financial advice costs and how to make advice more accessible, including through robo-advisers.
March 29, 2022 -
354Australia & NZASIC Warns on Using ‘Influencers’ to Promote Financial Products
ASIC places responsibility firmly on AFS licensees to ensure that any influencers they use and the financial-related content they present complies with the law.
March 23, 2022 -
591Australia & NZAustralia to Ease Regulatory Requirements for Financial Advisers
The government proposes to recognise on-the-job experience as meeting financial adviser education requirements. It will also review ways to simplify other compliance obligations.
December 31, 2021 -
349EnforcementHong Kong SFC Imposes Lifetime Ban on Former Licensee
The former licensee offered to invest for two students he taught, and then misappropriated their funds for his personal use.
December 7, 2021
