policy and regulation

Policy & Regulation

Tim Wilson to pit WAM against ACOSS on dividend refunds

The House of Representatives Standing Committee on Economics, Tim Wilson, will this Friday publicly compare the positions of WAM and ACOSS on Labor’s proposed franking di...

Policy & Regulation

UBS Securities hit with $120,000 penalty

UBS Securities has been slapped with a $120,000 penalty by the regulator’s Markets Disciplinary Panel after it had reasonable grounds to believe that UBS contravened mark...

Policy & Regulation

ASIC slaps 8-year ban on former director of derivatives issuer

The securities regulator has banned Yossef Ashkenazi of Victoria from providing financial services for a period of eight years....

Policy & Regulation

ASIC will not ignore ‘lawful’ behaviour

The Australian Securities and Investments Commission has declared that just because behaviour is lawful does not make it an excuse where consumer detriment is concerned....

Policy & Regulation

APRA reveals enforcement strategy terms of reference

The prudential regulator has announced the terms of reference for a review of its enforcement strategy....

Policy & Regulation

APRA finalises cyber security prudential standard

The Australian prudential regulator has finalised the standard aimed at combating the threat of cyber attacks....

SMSF

ASIC disqualifies Victorian SMSF auditor

The regulator has disqualified Oscar Altavilla from being an approved auditor of SMSFs following breaches of independence and auditing standards....

Policy & Regulation

ASIC slaps Spectrum Wealth adviser with three-year ban

The regulator has banned Spectrum Wealth Advisers’ Gurumukh Singh Mehra from providing financial services for three years after surveillance showed he failed to act in hi...

Policy & Regulation

ASIC dubs breach reporting delays “unacceptable”

A review by the regulator has described delays by financial institutions in reporting, addressing and remediating significant breaches as “unacceptable”....

Policy & Regulation

ASIC looks to stop several retail crypto offerings

The securities regulator said it has taken action to stop several proposed initial coin offerings or “token-generation events” that target retail investors....

Policy & Regulation

ASIC gives regulatory nod to new Chi-X product

The securities regulator has updated market integrity rules to facilitate the introduction of Chi-X Australia’s new financial product known as transferable custody receip...

Policy & Regulation

Fed Court decides on Allianz Metro contempt charges

The Federal Court has handed down its judgment on the contempt findings brought by ASIC against multiple defendants in proceedings concerning binary option trading websit...

People & Products

AAT reduces banning period of former Hobart planner

The Administrative Appeals Tribunal has reduced the length of a banning order made against former Hobart financial planner Troy Williams, that prohibited him from providi...

Policy & Regulation

NZ regulator’s insurance review sends important message, FSC says

The Kiwi regulator’s thematic review on replacement business practices in the insurance industry has a number of important findings for the sector, according to the Finan...

Policy & Regulation

ASIC slaps conditions on Aurora’s AFSL

The investment regulator has imposed conditions on the financial services licence of Aurora Funds Management Limited following the misappropriation of $1 million of inves...