ASIC urges licensees to review and improve recruitment of new advisers

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ASIC has warned financial services licensees to ensure they have robust recruitment processes in place when appointing representatives who have worked for a business ASIC has taken action against. The

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Consumers warned about scam impersonating ASIC

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ASIC urges the public to be wary of cold callers claiming to represent ASIC. Based offshore, these callers claim to be able to assist you in retrieving money lost in

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ASIC health check on capital protected products

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ASIC has released a health check of the Australian market for unlisted retail structured products promoted as having capital protection or a capital guarantee. Key points: Capital protection or capital guarantee

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Maintaining a healthy SMSF sector – Improving the quality of advice

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ASIC has released Report 337 SMSFs: Improving the quality of advice given to investors. The report summarises the findings from the first major project undertaken by ASIC’s Self-managed superannuation fund

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ASIC: Update on financial advisers exam

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ASIC has provided an update on the proposal to introduce a national examination for financial advisers. ASIC has decided to delay work on the implementation of the exam to allow appropriate

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ASIC finalises regulatory framework for trading Commonwealth G’vt Securities

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ASIC has amended existing market integrity rules and related guidance to help with the introduction of retail trading of Commonwealth Government Securities (CGS) depository interests on the Australian Securities Exchange.

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Public warned about scams impersonating ASIC and Sydney Credit Union

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ASIC has warned the public to be wary of an email claiming to be from Sydney Credit Union Ltd and which contains references to ASIC Chairman, Greg Medcraft. The email

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ASIC consults on risk management for responsible entities

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ASIC has released a consultation paper and proposed regulatory guidance on risk management practices for responsible entities in the managed funds sector. ASIC Commissioner Greg Tanzer said the need to standardise

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ASIC Guidance on asset-based fees a step too far

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  Part of ASIC’s guidance on conflicted remuneration has been taken a step too far, according to Claire Wivell Plater, managing director of The Fold. “Under the new guidance, if

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