Page 3 - Asic S News Today

The Association of Independently Owned Financial Professionals’ (AIOFP) executive director has called for action from all major political parties ahead of the upcoming Federal election. In an email

The corporate regulator’s new warning about SMSF crypto investments has received a mixed reaction.

The Stockbrokers and Financial Advisers Association (SAFAA) has welcomed ASIC’s report on the November 2020 ASX market outage released on Thursday (25 November).

A Coalition MP has described the regulatory body’s consideration of small advice firms in its levy calculations as “disappointing” in a query put forward at the parliamentary joint committee on Friday.

ASIC’s industry funding estimates, which often bear little resemblance to the significantly higher levies that follow, are routinely subject to delays that make it impossible for the industry to forward-plan, says one peak body.

An industry body has criticised the corporate regulator for refusing to publicly release submissions made to its advice affordability consultation, saying they are likely to be “heavily critical” of ASIC’s enforcement approach to the advice sector.