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Regulation

regulation

23 August 2019 • By Sarah Simpkins • 1 min read

ASIC flexes intervention power, proposes binary option ban

ASIC is looking to place a ban on the sale of binary options and limit contracts for difference (CFDs), with both reported to make most of almost $2 ...

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IOOF completes APRA conditions

IOOF has marked 145 actions issued by APRA as complete, after it previously failed to reach the regulator’s deadline for establishing a dedicated ...

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Superfunded director cops eight-year ban

ASIC has outlawed the sole director of Superfunded, Max Goldenberg, from providing financial services or engaging in credit activities for eight ...

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Royal commission fallout to define governance through to 2025

The continued fallout of the Hayne royal commission will define the governance professional’s role through to 2025 according to new research

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New APRA foreign subsidiary rules could knock ANZ

APRA has tightened its prudential standard around contagion risk, targeting overseas subsidiaries operated by domestic banks, with ANZ’s New Zealand ...

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ASIC investigates Forex trading website

The Australian Financial Complaints Authority (AFCA) has received a high volume of complaints regarding online stockbroker Forex Financial Services, ...

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Enforcement into the big 6 rises by 51%

The establishment of the ASIC Office of Enforcement has seen enforcement investigations into the big six rise by 51 per cent. The ASIC Enforcement ...

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Finance misconduct lost Australians $201bn

More than half of the population (54 per cent) have been negatively affected by misconduct among finance service providers, with a new study ...

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Major banks to participate in credit reporting system

The government is set to reintroduce legislation that will require the big four banks to participate fully in the credit reporting system with new ...

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APRA opens floor to updated margin requirements

APRA has opened a cross-industry consultation for amendments to its margin requirements for non-centrally cleared derivatives. The changes to ...

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