The maximum fine for malpractice at securities companies will be raised from TWD 3.6 million currently to TWD 15 million.
April 25, 2023The mFund Settlement Service caters to unlisted managed funds. ASX is considering closing the service.
April 17, 2023ASIC alleges Mercer Superannuation made misleading statements about investment options that were marketed as suitable for members ‘deeply committed to sustainability’.
March 1, 2023ASIC is inviting the managed funds industry to provide feedback on the level of industry interest and preparedness to use the ARFP.
October 25, 2022Businesses may be asked to substantiate their green claims. The ACCC may take enforcement action if consumers are being misled or deceived.
September 21, 2022Fund managers need to provide accurate and high-quality information to explain and support claims that their products incorporate non-financial factors.
July 29, 2022Being ‘true to label’ is a regulatory must-have when it comes to sustainability-related products, says ASIC deputy chair Karen Chester.
June 14, 2022ASIC is assessing whether fund managers made false or misleading statements or engaged in misleading or deceptive conduct when marketing their funds.
March 24, 2022The Senate Economics Committee acknowledged "overwhelming support" for the CCIV legislation and recommended it be passed "as soon as practicable".
February 8, 2022A "long, complex value chain" of intermediaries between fund managers and retail investors raises the potential for conflicts of interest.
September 27, 2021