Opening statement by ASIC Chair Joe Longo at the Parliamentary Joint Committee on Corporations and Financial Services: Oversight of ASIC, the Takeovers Panel and the Corporations Legislation, 27 June 2023. Check against delivery I am pleased to appear before the Committee today. I am joined today by Deputy Chairs Sarah Court and Karen Chester, Commissioner …
Parliamentary Joint Committee Opening Statement, 27 June 2023 Read More »
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 …
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 …
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 …
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 …
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 »
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published two Final Reports including guidelines on the central counterparties (CCPs) Resolution Regime under the CCP Recovery and Resolution Regulation (CCPRRR). This publication follows that of the Commission Delegated Regulations 2023/1193 on the content of resolution plans[1] and 2023/1192 …
We are aware fraudsters are using the details of the authorised EMD Agent Blockchain Access UK Ltd (Reference number: 902765) attempting to deceive consumers into believing that they are dealing with the authorised EMD Agent. Consumers are being targeted by fraudsters using recovery room frauds. This is where fraudsters approach investors who have been scammed …
Unauthorised firm details Name: CENTRISFX Website: https://centrisfx.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine. What this means for you If you …
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