regulation

Financial planning

FSC argues for pragmatism on cost of advice

The COVID-19 pandemic could act as the catalyst for regulatory pragmatism aimed at lowering the cost of advice, according to the Financial Services Council....

Funds management

Regulation presents biggest threat to Facebook

Shares in Facebook have risen 25% since the start of 2020 but every company that has a similar growth profile as the social network is trading higher, according to Capita...

Financial planning

ASIC cuts Vic advisers a break on FDSs and renewals

Victorian financial advisers impacted by the COVID-19 lockdowns can rely on a “no action” position on the part of the Australian Securities and Investments Commission wit...

Superannuation

NAB super entities hit by $57.5 million court penalties

National Australia Bank super entities NULIS and MLC Nominees have been hit by Federal Court penalties out of an Australian Securities and Investments Commission action o...

Policy & Regulation

We have the power to obtain documents says ASIC

Financial services companies cannot necessarily rely on claims of legal privilege to prevent the Australian Securities and Investments Commission obtaining documents – so...

Policy & Regulation

Former Big Un investment analyst sentenced to jail

Former investment analyst, Michael Ming Jinn Ho, has been sentenced to three years imprisonment for insider trading in Bing Un Limited shares....

Expert Analysis

Defending directors’ duties

Working as a director in financial services can come with regulatory risk, writes David Court, so it is important to know how to manage those responsibilities and avoid a...

Policy & Regulation

ASIC obtains interim injunction against Mayfair 101 director

The corporate regulator has obtained an interim injunction against Mayfair 101 managing director, James Mawhinney....

Financial planning

Roll FASEA functions into disciplinary body says FPA

The Financial Planning Association has used an updated pre-Budget submission to urge the Government to roll functions of the Financial Adviser Standards and Ethics Author...

Funds management

Regulatory relief for IPOs

The corporate regulator has offered regulatory relief for initial public offerings following public consultation....

Editorial

Time to audit and consolidate Financial adviser regulation

Too many Governments have looked for quick fixes where financial adviser regulation is concerned and it is time for an audit and the removal of costly and unnecessary lay...

Policy & Regulation

ASIC to end COVID-19 relief instruments in October

The Australian Securities and Investments Commission has announced it has registered an amending instrument to specify an end date for three COVID-19 related instruments....

Financial planning

Is financial advice being legislated and regulated towards market failure?

An article written by a Sydney lawyer has warned that financial advice is in danger of market failure because it has been the subject of significant legislative over-reac...

Policy & Regulation

Litigation funding inquiry set up

A new litigation funding inquiry is to begin by the Parliamentary Joint Committee on Corporations and Financial Services to shine a light on the practices of lawyers. ...