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Regulation

regulation

07 August 2018 • By Reporter • 1 min read

ASIC request to embed staff at major banks approved

The federal government has confirmed it will provide ASIC with additional resources to further monitor the big four banks and AMP. Treasurer Scott ...

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MLC kept super members in the dark on fees

MLC and its trustee, NULIS, failed to tell superannuation members they could dial back their “plan service fees” to zero, the royal commission has ...

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Follow the royal commission live with InvestorDaily

Read minute-by-minute updates on the royal commission hearings into superannuation on our live blog brought to you by the InvestorDaily team

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ASX rejects ‘social engineering’ accusations

The ASX Corporate Governance Council has sought to downplay fears that its latest consultation draft is the work of “left-wing activists” or “social ...

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Regulators don’t discriminate on size: Laker

Former APRA chairman John Laker has rejected the suggestion that regulators have a bias against the smaller end of town when it comes to enforcement

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Give the ACCC a competition mandate: PC

The Productivity Commission has recommended the ACCC be given an explicit mandate to monitor competition in the financial system. On Friday 3 ...

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ASIC updates funds management guides

ASIC has released updated versions of seven regulatory guides that incorporates information about the new Asia Region Funds Passport. In a ...

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Linchpin client money used to bankroll advisers

A sworn affidavit by an ASIC lawyer has shown Linchpin Capital used investor funds to finance client book purchases for its aligned advisers in breach ...

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Focus Financial to list on Nasdaq

American wealth management firm Focus Financial Partners, which has a number of financial services assets in Australia, has launched its initial ...

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ASIC approves ABA code of practice

The Australian Banking Association has announced that the regulator has approved its banking code of practice, which was a topic of inquiry at the ...

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