australian securities and investments commission

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

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

CFD providers plan to form industry body

Major Australian contract for difference providers plan to form an industry forum that will aim to improve investor understanding and confidence in the sector....

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....

Financial planning

ASIC's growing regulatory perimeter

As the Government works on its budget, ASIC chairman Greg Medcraft has pointed to ASIC's growing regulatory workload....

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

FPA urges forward-looking approach to FOFA outcome

The FPA has outlined to members the outcome of the FOFA changes and has urged industry unity despite last week's controversial issues....

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

Divided industry in wake of FOFA bills

Strongly divergent views have emerged from Australia's major financial planning organisations in the wake of the FOFA bills, while the Opposition has made a policy commit...

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...