ASIC has disqualified Harry Neville Dickinson of Chelsea Heights, VIC, from managing corporations for two years due to his involvement in the failure of three companies. Between August 2008 and January 2022 Mr Dickinson was the director of three companies which entered liquidation between January 2020 and January 2022: DFL Group Australia Pty Limited (ACN...
Author: EMA Investments
ASIC disqualifies NSW director for three and a half years
ASIC has disqualified John Vaughan Markham of Eastwood, NSW, from managing corporations for three and a half years due to his involvement in the failure of three companies. Between March 1991 and November 2020 Mr Markham was the director of three companies which entered liquidation between November 2019 and February 2021: Active Towing Sydney Pty...
ASIC Annual Forum moves to Melbourne, registrations open
Registrations are now open for the ASIC Annual Forum and dinner to be held on 21-22 November 2023 in Melbourne. This is the first time the event has been held in Melbourne since 2009. The event brings together regulators, industry and thought leaders from Australia and abroad under the theme, Navigating disruption. ASIC Chair Joe...
ASIC encourages financial industry organisations to help lead through change
Introduction: Taking the lead Before I begin, I would like to acknowledge the traditional owners and custodians of the land on which we meet today, and to pay my respects to their elders past, present and emerging. I extend that respect to Aboriginal and Torres Strait Islander people present today. Benjamin Disraeli, twice Prime Minister...
MOVEit vulnerability
We are aware of a vulnerability to the file transfer application MOVEit that has been impacting organisations and exposing personal data. The National Cyber Security Centre (NCSC) is working with affected businesses to understand and respond to this incident. We encourage all firms to: Check if they or any companies in their supply chain have...
ESMA launches Call for Evidence on sustainability in suitability and product governance
The European Securities and Markets Authority (ESMA) the EU’s financial markets regulator and supervisor, launched today a Call for Evidence (CfE) on integrating sustainability preferences into suitability assessment and product governance arrangements under the Markets in Financial Instruments Directive (MiFID) II. The objective of this Call for Evidence (CfE) is to gather industry feedback that...
ESMA in 2022 – Focus on financial stability and investor protection
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published its Annual Report for 2022. It sets out the key achievements of the authority in fulfilling its mission of enhancing investor protection and promoting stable and orderly financial markets in the European Union (EU) during a transformative year. ESMA’s...
ASIC obtains travel restraint orders against Kristofer Ridgway
On 11 June 2023, the Federal Court made interim travel restraint orders against Kristofer Ridgway, a Brisbane-based former financial adviser. These orders were made on an ex parte basis without Mr Ridgway’s presence following an ASIC application. ASIC is concerned Mr Ridgway may have contravened financial services laws and requires Mr Ridgway to remain in...
ASIC releases May 2023 financial adviser exam results
ASIC has released exam results from the 21st Financial Advisers Exam cycle, held in May 2023. The exam has been continuously conducted by the Australian Council for Educational Research (ACER) since its inception and follows a rigorous process to ensure all candidates in all cycles are held to the same standard. In this exam cycle:...
ESMA launches Data Strategy for the next five years
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published its Data Strategy for 2023-2028. Over the coming five years, ESMA will work to facilitate the use of new data-related technologies, reduce reporting compliance costs by regulated entities, enable the effective use of data at both EU and...
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