Day: June 26, 2023

Today, the FCA welcomes the International Sustainability Standards Board (ISSB) launch of its first sustainability-related reporting standards: the General Requirements for Disclosure of Sustainability-related financial information (IFRS S1), and the requirements for Climate-related Disclosures (IFRS S2). These standards answer the clear market demand for complete, consistent, comparable and reliable corporate sustainability disclosures. Including this information …

FCA welcomes launch of ISSB standards Read More »

The Joint Regulatory Oversight Committee (JROC) has today published a joint paper setting out five high-level principles for banks and registered third parties to follow when agreeing a premium API (Application Programming Interface) commercial model. Premium APIs will allow new open banking products and services to be offered. These include variable recurring payments (VRPs), which …

Joint Regulatory Oversight Committee publishes commercial pricing principles for open banking Read More »

The FCA has banned Mark Abley of County Capital Wealth Management Ltd (in liquidation) (CCWM) from providing any advice on pension transfers. Mr Abley will also pay £106,100 to the Financial Services Compensation Scheme (FSCS) rather than the FCA, to contribute towards the redress owed to CCWM’s customers. If he fails to pay this amount …

Adviser Mark Abley pays £106k for poor pension transfer advice Read More »

ASIC has permanently banned former Perth financial adviser John Talbot Wertheimer from engaging in any credit activities and from providing any financial services. The permanent banning follows Mr Wertheimer’s conviction on 31 January 2023 for engaging in dishonest conduct and providing financial services without appropriate authorisation (23-015MR). Mr Wertheimer was sentenced to a total of …

Former financial adviser permanently banned from credit and financial services industries Read More »

ASIC is calling on superannuation trustees to ensure they are meeting their legal obligations for dealing with incoming money from consumers if a new or increased interest in a super product cannot be issued by the next business day. The call follows ASIC’s review of a sample of twelve superannuation trustees to understand how they …

ASIC calls on super trustees to appropriately deal with member money when it is first received Read More »

Stephen Robert Allen, the sole director of K.H.N Holdings Pty Ltd trading as Alkemade & Associates, has been charged on indictment in the County Court of Victoria in Melbourne with criminal offences for falsifying the signatures of registered company auditors on multiple documents. Mr Allen has been charged with contravening s83A(1) of the Crimes Act …

Accountant charged with falsifying signatures on audit documents Read More »