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Regulation

regulation

29 December 2017 • By • 1 min read

Banksia MD to pay $25,000 penalty

The Federal Court of Australia has demanded a $25,000 penalty from the former managing director of non-bank lender Banksia Securities Limited

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ASIC questions Sequoia revenue reporting

Sequoia Financial Group has rescinded its original figures for revenue and hedging expenses for the 2017 financial year after intervention by ASIC

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Ombudsman criticises banking code

Small Business and Family Enterprise Ombudsman Kate Carnell has questioned the ABA’s Banking Code of Practice, saying the announcement leaves ...

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Bank lobby unveils new code of practice

The Australian Bankers’ Association has announced it has submitted a new code of practice to ASIC for approval. In a statement, ABA chief executive ...

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ASIC warns sell-side about inside information

Sell-side analysts have been put on notice by ASIC in updated guidance that addresses the identification and handling of inside information

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Epoch Capital pays $130,000 penalty

Epoch Capital has paid $130,000 to comply with an ASIC infringement notice after the international trading company was found to have entered into ...

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Asia Funds Passport and CCIV bills released

The government has released draft legislation for the Asia Region Funds Passport and the tax treatment of corporate collective investment vehicles

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ASIC empowered to restrict or ban products

The government has released the details of its new design and distribution obligations for product providers – as well as ASIC’s intervention powers ...

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ASIC accepts EU from AIW Dealer Services

Non-bank licensee AIW Dealer Services has entered into an enforceable undertaking after an ASIC investigation found poor supervision of an authorised ...

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FASEA clarifies adviser education standards

Financial advisers have received an update about the education requirements they must meet under the new Financial Adviser Standards and Ethics ...

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