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Regulation

regulation

28 March 2017 • By • 1 min read

New ASIC guidance released for REs

The corporate regulator has issued new guidance for responsible entities in an effort to improve risk management systems. Regulatory Guide 259 is ...

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Count Financial wins case over negligent advice

A judge has dismissed claims from a client that negligent advice from Commonwealth Bank-owned Count Financial resulted in the loss of their life ...

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ASIC cancels Aquaint Capital’s AFSL

The corporate regulator announced yesterday it has cancelled the Australian Financial Services Licence of Singapore-based property investment company ...

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ASIC calls for remuneration intervention powers

The big bank “oligopoly” in Australia can only be broken up if the regulator has the power to make rules about remuneration structures, says ASIC ...

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Senate approves equity crowdfunding legislation

The Turnbull government's crowdsourced equity finance bill has passed the federal Senate. The Corporations Amendment (Crowd-sourced Funding) Bill ...

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‘Widespread failure’ on adviser reference checks

ASIC has threatened to publicly ‘name and shame’ financial institutions that fail to conduct proper background checks on their financial advisers

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Westpac and ANZ rapped on FX trading

ASIC has accepted enforceable undertakings from Westpac and ANZ in relation to the banks' wholesale foreign exchange businesses. Westpac and ANZ ...

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Banks are ‘fiercely competitive’: Westpac CEO

The creation of a specialised ACCC unit focused solely on banking competition would be “unnecessary” given the plethora of inquiries into the topic, ...

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ASIC to target wealth management in 2017

ASIC will put a particular emphasis on the enforcement activities of its Wealth Management Project in the coming six months. In its enforcement ...

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ANZ backs public breach reporting

ANZ chief executive Shayne Elliott has given his in principle support for the public airing of ASIC breach reports and the naming of responsible ...

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