ASIC consults on financial requirements for issuing retail OTC derivatives

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ASIC has released a consultation paper to seek feedback on the financial requirements for issuers of over-the-counter (OTC) derivatives, such as contracts for difference or margin foreign exchange, to retail

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09 May 2011

ASIC proposes major improvements in quality of prospectuses

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ASIC is proposing an overhaul of prospectuses that would make them much easier for retail investors to use and would improve the quality of information on the proposed business model and

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12 Apr 2011

Preventing insolvent trading: the focus of new ASIC report

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ASIC has today released a report that sets out the key messages and outcomes of its national insolvent trading program (NITP). The report, National Insolvent Trading Program Report (REP 213)

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13 Oct 2010

ASIC begins nationwide surveillance activities under national consumer credit regime

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The Australian Securities and Investments Commission (ASIC) has begun its first nationwide surveillance activity to detect unregistered businesses and people under the National Consumer Credit Protection (Transitional and Consequential Provisions)

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23 Sep 2010

ASIC consults on compensation requirements for traditional trustee company services

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ASIC has released a consultation paper inviting feedback on its proposal regarding the administration of compensation requirements for trustee companies providing traditional trustee company services (traditional services) to retail clients.

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23 Sep 2010

ASIC consults on dispute resolution requirements for traditional trustee company services

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ASIC has released a consultation paper inviting feedback on its proposal regarding the administration of compensation requirements for trustee companies providing traditional trustee company services (traditional services) to retail clients.

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23 Sep 2010

ASIC consults on dispute resolution requirements for traditional trustee company

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ASIC has released a consultation paper seeking public comment on dispute resolution arrangements required of trustee companies providing traditional services, like preparing wills. click here to continue reading this PDF

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17 Sep 2010

ASIC bans Sydney financial adviser

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Mr Vince Aloisi of Baulkham Hills, New South Wales, has been permanently banned from providing financial services by ASIC. ASIC’s action against Mr Aloisi follows its investigation into allegations of

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17 Sep 2010

ASIC recovers $24.5 million for Westpoint investors

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Westpoint investors in ASIC’s class against Glenhurst Corporation Pty Ltd (Glenhurst) are to receive their share of $24.5 million recovered to date by the Commission. The Glenhurst settlement, worth $2.5

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17 Sep 2010

Abacus reviews advertising in response to ASIC’s concerns

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Abacus Australian Mutuals (Abacus) has reviewed its industry advertising campaign – ‘It all comes back to you’ – in response to ASIC concerns that consumers were at risk of being

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15 Sep 2010