ASIC consults on conflicted remuneration provisions

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As part of ASIC’s commitment to consulting on the Future of Financial Advice (FOFA) reforms, ASIC has released proposed guidance on the conflicted remuneration ban. Consultation Paper 189 Future of

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01 Oct 2012

ASIC releases guidance on hedge fund disclosure

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ASIC has finalised guidance on new disclosure benchmarks and principles for hedge funds to improve investor awareness of the risks associated with these products. ASIC’s guide, Regulatory Guide 240 Hedge

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19 Sep 2012

ASIC campaign on unlicensed credit providers

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ASIC has put credit providers on notice as it launches a surveillance campaign to weed out unlicensed operators. ASIC will conduct a surveillance campaign between September and December 2012 designed

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28 Aug 2012

ASIC’s hybrids warning: don’t be dazzled, be wary of the risks

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ASIC today reiterated its advice to consumers to be aware of the risks and complexities of hybrid securities following a number of offers to have hit the market recently. While

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28 Aug 2012

How can your clients keep track of their spending?

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ASIC’s 2012 spending clock estimates the average Australian household will spend $69,166 on general living costs in 2012. This amounts to $1,290 per week [1]. Yet only 54% of people

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14 Aug 2012

ASIC consults on FOFA reforms

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ASIC has released consultation papers containing proposed guidance for two aspects of the Future of Financial Advice (FOFA) reforms – scaled advice and the best interests duty. The work seeks

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10 Aug 2012

ASIC to launch consumer and financial literacy package for primary teachers

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ASIC will join teachers and education leaders this week for the launch of the MoneySmart Teaching Primary professional learning package – a new resource to help teachers deliver consumer and

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07 Aug 2012

ASIC to help industry implement Stronger Super

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ASIC has announced initiatives to help industry understand their regulatory obligations under the Stronger Super reforms. This follows the recent release of exposure draft legislation on the reforms. ASIC’s announcement includes:

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30 Jul 2012

ASIC makes new rules on suspicious activity reporting

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ASIC has made new market integrity rules for suspicious activity reporting and short sale tagging requirements which will apply for the Australian Securities Exchange (ASX) and Chi-X markets. The suspicious

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17 Jul 2012

ASIC: Shorter PDS regime guidance and relief

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ASIC has issued guidance to assist issuers of superannuation products and simple managed investment schemes comply with the shorter product disclosure statement (PDS) regime. The shorter PDS regime commences fully

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19 Jun 2012