361-370 of 585 results
Increasing ASIC's enforcement powers
In its submission to the Financial System Inquiry the Australian Securities and Investment Commission has again raised the issue of the penalties that are available to it to punish and deter corporate wrongdoing ASICs submission recommends that a holistic review be conducted into the availability ...
Can product suitability rules succeed where disclosure has failed?
One of the more interesting possibilities raised in the Interim Report of David Murrays Financial System Inquiry is the introduction of product suitability requirements as a complement to the current disclosure regime The Interim Report presents a case for change but does not set out in detail what ...
ASIC seeking feedback on electronic disclosure proposals
The Australian Securities and Investments Commission is seeking feedback on proposals to help facilitate the increased use of electronic means of providing disclosure for financial products and services The proposals include new class order relief to facilitate the increased use of multimedia ...
Is the pain worth the gain?
ASIC has undertaken a bit of a survey of licensees who provide financial product advice to retail clients to see how they are faring a year into FoFA ...
The fiduciary duty of mortgage brokers?
There is lots of noise about the duties of financial advisers and lawyers including us love to debate whether FoFA has left any room for fiduciary obligations ...
Allens acts on offer of Convertible Preference Shares 2 by Bendigo and Adelaide Bank
Allens has advised Bendigo and Adelaide Bank on its A$250 million offer of Convertible Preference Shares 2 (CPS2) which will qualify as additional Tier 1 Capital. The offer is being undertaken in ...
Allens advises on NAB's record-breaking A$5.5 billion entitlement offer
Allens has advised Macquarie Capital (Australia) Limited, Merrill Lynch Equities (Australia) Limited and Morgan Stanley Australia Securities Limited as the joint lead managers and underwriters of ...
Round 2: Financial Advice
In her summary my colleague, Michelle Levy, said her initial reaction was that the recommendations in the Final Report were modest but, on a second reading, some would set a cat among the pigeons. ...
Allens advises on groundbreaking renewable energy funding deal
Allens has advised Infrastructure Capital Group ( ICG ) on the successful A$205 million issue in the US Private Placement ( USPP ) market by Hallett Hill No.2 Wind Farm. The transaction is ...
Allens advises Bendigo and Adelaide Bank on strategic partnership with Equity Trustees
Allens has advised Bendigo and Adelaide Bank on a strategic partnership with Equity Trustees involving the sale of its Estates business. The strategic partnership also includes a five-year referral ...