australian securities and investments commission

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Financial planning

Changes to advice laws could lead to catastrophe: ISA

Watering down financial advice laws could expose consumers and regulators to another Storm Financial-type crisis, ISA says. ...

Financial planning

ASIC claims national advice exam to cost $300

ASIC could roll-out a national adviser competency exam for $300, linking it to a register of licensed advisers. ...

Funds management

Vertical integration prompts strategy change

Some Australian-based fund managers have been forced to refine their distribution strategies as a result of consolidation in the financial planning sector - something whi...

Financial planning

Planning bodies support register but reject exam

Adviser associations support the creation of an adviser register but reject an exam as an inadequate measure of adviser competencies. ...

Financial planning

Planning needs further culture change

Greg Medcraft says financial planning needs to undergo further cultural change, as the sector remains one of the riskiest regulated by ASIC. ...

Financial planning

No regulator can stop failures, says Medcraft

ASIC Chair Greg Medcraft says no financial services regulator can stop corporate failures without onerous compliance regimes. ...

Financial planning

ASIC selective on whistleblower activity

ASIC will only take action on whistleblower tip-offs if it will result in a greater impact in the market. ...

Financial planning

ASIC accepts EU from former financial services director

The Australian Securities and Investments Commission (ASIC) has accepted an enforceable undertaking (EU) from former director of AIE Fiduciary Services (AIE) Manish Babul...

Financial planning

What makes a limited AFSL so appealing to accountants?

Touted as the next frontier for accountants, Limited Australian Financial Service Licences (AFSLs) are starting to gain traction with planners too. But what makes them so...

Financial planning

Accounting auditors accept EU

Two Sydney-based accounting auditors have entered an enforceable undertaking (EU) with the Australian Securities and Investments Commission (ASIC) following a lengthy rev...