ASIC welcomes the Government’s commitment to creating new design and distribution obligations in relation to financial products and strengthening consumer protection by introducing a product intervention power
The Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018 has now been through its second reading debate on 24 October 2018 in the House of Representatives. The purpose of the Bill is to overcome gaps in the current regulatory regime and promote the provision of suitable financial products to consumers.
by Joanne MacDonald – Adviser When you’re thinking of setting up a fund, it’s really important to get all the ducks in a row and be strategic rather than going about the process in an ad hoc manner. An ad hoc approach often reflects someone with an idea that is only partially formed. They may
A Responsible Entity is ultimately responsible for the operation of managed investment schemes and must be appointed if an investment scheme needs to be registered. The Responsible Entity must be an Australian public company and may operate either for a registered scheme as a Responsible Entity or an unregistered scheme as a Trustee. Clients
by Robert Bush – Fund Administration Manager Regtech is an idea whose time has come. Understanding and using it will save you time, headaches….and money. Regtech is a term used to describe the use of technology with respect to regulatory monitoring, reporting and compliance. It relates to any technology created to address regulatory challenges and
Sydney, August 3, 2018 – As part of its current $225million capital raise, Sydney-based media and entertainment fund Upsense Media Capital announced today the closing of an AUD $80million capital commitment deal in an agreement with Global Pictures Media. Global Pictures Media provides this capital in partnership with Horizon Media who is the largest privately
by Joanne MacDonald – Adviser To get the right answers, you first need to ask the right questions. For any Investment Structure to survive it must be built on solid foundations. There is a very big difference between strategic and ad hoc investing. When starting a Fund I look at it from two streams. The
Although it seems that the scars of the Global Financial Crisis (GFC) are finally healed, the GFC resulted in a ‘lost decade’ as consumer confidence remained subdued and corporate as well as sovereign balance sheets have taken time to recover and repair. We expect that the global recovery that began at the end of 2016
Global Merces Funds Management Selects SS&C for its Investment Accounting and Mutual Fund Administration Platform
Investment manager selects combined HiPortfolio and HiTrust solution, signaling first Australian client win from SS&C following the DST acquisition June 14, 2018 (PR NEWSWIRE) – Global Merces, innovative alternative asset manager, today announces that global provider of financial services software and software-enabled services, SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), is selected for investment accounting, asset
The key content streams that dominate today’s media include news, sports, education and entertainment. The impact of digital technology on each of these has been profound and their continued evolution will continue for some time to come. As a fund manager, our focus is to identify the next generation of content creators, facilitators and distributors.
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