Tag: Australian regulator

asic ban
August 08, 2018 BY Valentina Kirilova

ASIC bans individual from providing financial services

Australian regulator ASIC has just announced that it has permanently banned Mr Brody Glenn Jarman of Yarrawonga, Victoria from providing financial services. Mr Jarman was banned following an ASIC investigation into his dealings with client money while working as an insurance broker. In February 2016, he pleaded guilty in the Cobram Magistrates Court to seven…

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ASIC office
August 01, 2018 BY Valentina Kirilova

ASIC updates guidance for funds management industry

Australian regulator ASIC has released a suite of seven new and updated regulatory guides to provide comprehensive guidance to the funds management industry. The guidance has been updated for changes arising from the Asia Region Funds Passport and brings all of ASIC's funds management policies up to date to help promote industry-wide consistency. The updates…

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June 07, 2018 BY Valentina Kirilova

ASIC permanently bans former NAB financial adviser

Australian regulator ASIC has announced that it has permanently banned Mr Max Kiattisak Eung (also known as Kiattisak Eungpongpan), of Tempe, New South Wales from providing financial services and engaging in credit activities. Mr Eung was banned following an ASIC investigation into his conduct between March 2016 and December 2016 while he was a financial…

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May 04, 2018 BY Valentina Kirilova

ASIC revises licensing regime for market operators

Australian regulator ASIC announced today that it has modernised and updated its regulatory guidance on the licensing regime for financial markets. Regulatory Guide 172 Financial markets: Domestic and overseas operators (RG 172) introduces a two-tiered market licence regime, applying a risk-based assessment. The new approach has been facilitated by legislative changes, made by the Government…

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May 02, 2018 BY Valentina Kirilova

ASIC cancels the registration of 117 SMSF auditors

Australian regulator ASIC has just announced that it cancelled the registration of 117 approved self-managed superannuation fund (SMSF) auditors who did not lodge their annual statements. Notice of cancellation was sent to these auditors on 20 February 2018. On 10 November 2017, ASIC sent a final warning to 404 approved SMSF auditors with outstanding annual…

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