ASIC

Financial planning

ASIC accepts permanent undertaking from Adelaide-based financial adviser

ASIC has accepted a permanent undertaking from an Adelaide-based financial adviser to permanently refrain from providing financial services....

Financial planning

Nomura fined by ASIC for trader error

Nomura Australia has paid a $30,000 penalty to ASIC after receiving a market infringement penalty from ASIC's Markets Disciplinary Panel....

Funds management

iShares support ASIC on ETFs

iShares has announced their support of ASIC's latest report on the regulation of ETFs in Australia and international principles impacting ETFs in Australia....

Editorial

The FPA and ISN's FOFA agreement

Amid the furore over a document purporting to be an agreement between the Financial Planning Association and the Industry Super Network, Money Management's Mike Taylor pu...

Funds management

Australian ETF market stands up to proposed international standards - ASIC

Australia's exchange-traded fund (ETF) market is up to proposed international standards, according to an Australian Securities and Investments Commission (ASIC) report....

Financial planning

ASIC ups disclosure for unlisted property schemes

Unlisted property schemes will be required to adhere to six new disclosure benchmarks from 1 November 2012....

Financial planning

Shadow shop results reflect need for higher professional standards - SPAA

The Self-Managed Super Fund Professionals' Association of Australia has called for higher levels of competency in the provision of financial advice following recent damni...

Policy & Regulation

SPAA aims to exempt members from opt-in

SPAA will work with ASIC to develop its in-house code of conduct so that SPAA members are exempt from opt-in requirements when the FOFA reforms take effect....

Financial planning

Cross-ownership a barrier to good financial advice: ASIC

The ownership of financial planners by product manufacturers creates one of the main barriers to improving the quality of advice in Australia, according to ASIC....

Policy & Regulation

FPA says ASIC should not baulk at asset-based fees

The FPA's Mark Rantall has told a Money Management roundtable that asset-based fees should not act as an impediment to ASIC providing class-order relief from opt-in....

Financial planning

Corporate insolvencies at record highs

The number of companies entering liquidation is continuing to break records, with 10,544 companies entering some form of insolvency administration in the year to January ...

Policy & Regulation

AFA ready with 'principles of practice'

The FPA's code of conduct will not be the only approach considered by ASIC, with the Association of Financial Advisers's principles of practice also ready for implementat...

Policy & Regulation

ANZ still preparing for opt-in

Following Minister for Financial Services and Superannuation Bill Shorten's announcement regarding a watering-down of opt-in requirements yesterday, ANZ was still prepari...

Policy & Regulation

FOFA bills pass House of Representatives

FOFA bills containing key opt-in amendments pass House of Representatives....

Financial planning

ASIC's platform review wins wide support

ASIC's platforms review has drawn support from a range of stakeholders for proposing providing additional consumer protection via capital adequacy and for placing the spo...