The corporate regulator has issued a warning to 21 superannuation funds that have fallen short of their transparency disclosure requirements.
A report released by ASIC has found a number of discrepancies in the practices of superannuation funds that have resulted in detrimental customer outcomes.
The prudential regulator is considering adopting a “two-phased” licensing approach in order to foster financial services competition.
The Australian corporate regulator has signed an agreement with its Malaysian counterpart, providing a co-operation framework to support and understand financial innovation in their respective economies.
Hedge funds, multi-manager funds and superannuation platforms will continue to be excluded from ASIC’s shorter PDS regime, the regulator has announced.
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