Australian Securities and Investment Commission

AUSTRALIAN SECURITIES AND INVESTMENT COMMISSION

Policy & Regulation

The corporate regulator will be working with regulatory technology entities for its Business Research and Innovation Initiative, dealing with the challenges of corporate ...

Funds management

Aussie market abundant with ETF offerings

While the amount of exchange traded fund offerings has exceeded 200 there are still gaps for more offerings, according to ETF Securities....

Policy & Regulation

ASIC joins forces with EU regulator on benchmarking

The Australian Securities and Investment Commission has signed a Memorandum of Understanding with the European Securities and Markets Authority regarding financial benchm...

Superannuation

Super funds under no specific obligation to notify members of fines

The Australian Securities and Investments Commission has confirmed that superannuation funds which pay fines from member’s capital are under no specific obligation to tel...

Financial planning

ASIC issues warning on general advice

The Australian Securities and Investments Commission has issued a warning to firms seeking to operate under a ‘general advice’ model....

Policy & Regulation

ASIC still negative on broker commissions

The Australian Securities and Investments Commission has signalled its continuing scepticism about mortgage broker commissions while claiming consumer research has valida...

Policy & Regulation

Bundaberg adviser banned four years

Peter Goudie has been banned by ASIC for prioritising his own interest over his clients’ and not providing SOAs....

Policy & Regulation

ASIC sues NAB for unlicensed home loan introducers

ASIC has sued NAB for dealing with unlicensed home loan introducers in one of the first pieces of litigation resulting from the Royal Commission....

Policy & Regulation

ASIC waves big stick on adoption of regtech

The Australian Securities and Investments Commission has told financial planning firms it expected them to “keep up” with the implementation of regtech....

Policy & Regulation

ASIC issues retail OTC warning

The Australian Securities and Investments Commission has issued another clear warning to retail Over the Counter derivatives traders about the limitations of their licens...

Funds management

Saxo Group welcomes ASIC product intervention powers

Saxo Capital Markets has welcomed ASIC product intervention powers and reinforced the importance of responsible leverage....

Financial planning

FSC welcomes new laws to protect consumers

The Financial Services Council has welcomed new legislation aimed to provide more protection for consumers from poor financial products....

Financial planning

ASIC imposes additional conditions on SMSF Advisers Network

The Australian Securities and Investment Commission has imposed additional licence conditions on SMSF Advisers Network....

Financial planning

Consumers confusing general and personal advice

Many consumers are worryingly unaware of the distinction between general and personal advice, with 47 per cent of Australians incorrectly identifying general advice....