ASIC releases guidance on FOFA fee disclosure

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ASIC has released guidance for Australian financial services (AFS) licensees and their representatives on how to comply with the fee disclosure statement (FDS) requirements under the Future of Financial Advice (FOFA)

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ASIC encourages good disclosure from defined benefit fund trustees

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ASIC is encouraging trustees of defined benefit superannuation funds to make timely and appropriate disclosures to members in the wake of poor returns caused by the global financial crisis (GFC).

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ASIC releases key FOFA guidance

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ASIC has released final guidance for two aspects of the Future of Financial Advice (FOFA) reforms – the best interests duty and scaled advice. The regulatory guides have been produced after

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ASIC focuses on ad disclosure requirements for super trustees

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ASIC has written to superannuation trustees reminding them about disclosure requirements associated with advertising for superannuation products. The types of issues ASIC has seen in advertising that may lead to

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ASIC releases guidance to improve the quality and reliability of investment research

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ASIC has released updated policy guidance to improve the quality and reliability of research reports. Regulatory Guide 79 Research report providers: Improving the quality of investment research (RG 79) has

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ASIC extends shorter PDS regime relief

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ASIC has extended interim class order relief from the shorter PDS regime for multi-funds, superannuation platforms and hedge funds. Class Order [CO 12/1592] extends the relief in Class Order [CO

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ASIC calls for improved compliance in CFD and margin FX

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ASIC has issued a warning to the contracts for difference (CFD) and margin foreign exchange (FX) sectors following the release of a report highlighting weaknesses in client money handling practices. Report

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Guide to investing in unlisted property schemes

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ASIC has released an updated investor guide to improve awareness of the risks associated when investing in unlisted property schemes. ‘Investing in unlisted property schemes’ is an update of ASIC’s previous

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ASIC updates guidance on financial requirements for AFS licensees

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ASIC has released guidance, clarifying the financial requirements with which Australian financial services (AFS) licensees must comply as part of their licensee obligations. Regulatory Guide 166 Licensing: Financial requirements (RG 166)

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ASIC taskforce to review regulation of unlisted debentures

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ASIC Chairman, Greg Medcraft has announced an internal taskforce to look at the failure of Victorian debenture issuer Banksia Securities Limited and regulation of the wider Australian unlisted debenture sector.

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