Author Archives: ETE

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary of dealing with this unauthorised firm and how to protect yourself. Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised […]

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out more about this ‘clone firm’. Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised […]

To help protect the integrity of self-managed superannuation fund (SMSF) audits, ASIC has taken action against 19 SMSF auditors since 1 July 2021. ASIC deregistered 12 SMSF auditors and imposed additional conditions on the registration of seven others. For seven of those deregistered, ASIC chose to accept voluntary cancellations as negotiated outcomes. The actions resulted […]

The Financial Conduct Authority (FCA) has fined asset manager GAM International Management Limited (GIML) £9,103,523 for failing to conduct its business with due care and attention and failing to adequately manage conflicts of interest. The FCA has also fined Timothy Haywood, a former Investment Director and Business Unit Head at GIML, £230,037. GIML failed to […]

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary of dealing with this unauthorised firm and how to protect yourself. Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised […]

ASIC has today released its Enforcement Update for July to December 2021. During this period, ASIC continued to act against misconduct to maintain trust and integrity in Australia’s financial system and promote a fair, strong and efficient financial system for all Australians. Between July and December 2021, ASIC recorded the following enforcement outcomes: $84.3 million […]

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary of dealing with this unauthorised firm and how to protect yourself. Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised […]

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out more about this ‘clone firm’. Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised […]

Buddy Technologies Limited (Buddy) has written down the intangible assets of its consumer lighting business by $44.8 million in its financial report for the half-year ended 31 December 2021. ASIC reviewed Buddy’s financial report for the year ended 30 June 2021. As part of its financial reporting surveillance program, ASIC raised questions about Buddy’s consumer […]

ASIC has introduced new market integrity rules aimed at promoting the technological and operational resilience of securities and futures market operators and participants. ASIC has also amended the prohibition on payment for order flow to address certain regulatory gaps and made deregulatory, minor and administrative amendments to 10 ASIC-made rule books. ASIC Commissioner Cathie Armour […]