Conflicts of Interest in Practice – Part 2: Systems to identify, mitigate and review

This is the second article in a two-part series on conflicts of interest in financial services. In this series, Brooke Benson, Compliance Consultant at CompliSpace, will build upon the insights and concerns identified by ASIC and provide practical insights on the management of conflicts of interests in financial services businesses. Part Two will explore key business… More Conflicts of Interest in Practice – Part 2: Systems to identify, mitigate and review

Culture, Conduct and Responsible Managers

As a Responsible Manager, what does it mean to maintain your competency as required by s912A(1)(e) of the Corporations Act 2001 (Cth) (the Corporations Act? ASIC takes a far less rigorous approach than other regulatory bodies allowing licensees to self-regulate how they maintain the ongoing competence of their RMs rather than prescribing specific requirements such as mandatory training.… More Culture, Conduct and Responsible Managers

Second anniversary of ASX CGPRs: Report sets a baseline for compliance

In this edition: Second anniversary of ASX CGPRs: Report sets a baseline for compliance Loss of licence: ASIC gets serious   Second anniversary of ASX Corporate Governance Principles and Recommendations: Report sets a baseline for compliance Almost two years after the ASX Corporate Governance Principles and Recommendations (CGPRs) came into effect, the ASX has release… More Second anniversary of ASX CGPRs: Report sets a baseline for compliance

21 June: Workplace Update for Executives On-the-Go

Happy New (Financial) Year! Don’t miss important wage and super changes in FY17 Increase in minimum wage From the 1st July 2016, the Fair Work Commission (FWC) has increased the national minimum wage by 2.4%.  This change will result in an increase from $656.90 a week to $672.70 per week or $17.70 per hour. This increase… More 21 June: Workplace Update for Executives On-the-Go

Financial Services Update: Conflicts of Interest in Practice – Part 1 identification and examples

This is the first article in a two part series on conflicts of interest in financial services. In this series, Brooke Benson, Compliance Consultant at CompliSpace, will build upon the insights and concerns identified by ASIC and provide practical insights on the management of conflicts of interests in financial services businesses. Part One will focus on the identification of conflicts of interest. Part Two will explore key business systems to enable you to effectively manage conflicts of interest.… More Financial Services Update: Conflicts of Interest in Practice – Part 1 identification and examples

Financial Services Update: Culture, culture, culture: why all the hype?

In this edition: Culture, culture, culture: why all the hype? ASIC relief for REs wishing to amend constitutions Culture, Culture, Culture ‘Culture’ has got to be the buzz word of the year – organisational psychologists and academics rejoice! You cannot read the business section of any paper at the moment without at least one reference… More Financial Services Update: Culture, culture, culture: why all the hype?

Financial Services Update: Proposed new ways to deliver notice of meetings to shareholders

In this edition: Proposed new ways to deliver notice of meetings to shareholders; Federal Budget: Proposed introduction of new Collective Investment Vehicles – what they are what this means for funds managers; and  Australian fintechs get a ‘regulatory sandbox’ in the budget.   Proposed new ways to deliver notice of meetings to shareholders Currently, all… More Financial Services Update: Proposed new ways to deliver notice of meetings to shareholders