ASIC requires Morgan Stanley Wealth Management Australia to amend false claim of independence

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ASIC has required Morgan Stanley Wealth Management Australia Pty Ltd (MSWMA) to amend a false claim of independence that could mislead consumers and investors. The claim was made in an

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Time to act for all ASIC-regulated organisations required to submit information for industry funding

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If you are an organisation regulated by ASIC you may be required to submit some information to ASIC on the operation of your business before 27 September 2018. This obligation

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The Hon Kelly O’Dwyer MP launches the 2018 National Financial Capability Strategy

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The Minister for Revenue and Financial Services, The Hon. Kelly O’Dwyer MP, has launched the 2018 National Financial Capability Strategy at an event at Parliament House in Canberra. Speaking at

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Banks to improve fraud protection systems following ASIC review

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Following a review by ASIC, five Australian banks will improve their compliance measures and controls for deposit accounts that can be operated by a third party, such as a financial

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Why women need to talk about money

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Women are participating in the workforce and gaining tertiary qualifications at a greater rate than ever before but many women lack confidence when it comes to money. Research by ASIC

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Consultation on the proposed establishment of a Global Financial Innovation Network

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The Australian Securities and Investments Commission (ASIC) is, in collaboration with 11 international financial regulators, and related organisations, consulting on the proposed creation of the Global Financial Innovation Network (GFIN).

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Update on financial advice institutions’ fees for no service refund programs

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AMP, ANZ, CBA, NAB and Westpac have now paid or offered customers $222.3 million in refunds and interest for failing to provide advice to customers while charging them ongoing advice

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Professional standards reforms for financial advisers – ASIC update

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The Australian Securities and Investments Commission (ASIC) has announced changes to reporting dates for a number of required notifications in the transition to the new financial adviser professional standards reforms.

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ASIC’s review of exchange traded products identifies areas for improvement

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ASIC has completed a review of the exchange traded products (ETP) market in Australia, including exchange traded funds, aimed at ensuring the market is delivering on promises to investors. The

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ASIC updates guidance for funds management industry

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ASIC has released a suite of seven new and updated regulatory guides to provide comprehensive guidance to the funds management industry. The guidance has been updated for changes arising from the

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