Fund Regulatory Update

  • AFSL Group has AFSL cancelled

  • Quantum Funds Management AFSL suspended

  • ASIC takes civil action against American Express over DDO obligations with David Jones credit cards

  • Vanguard receives infringement notices from ASIC over greenwashing

  • Australian Fiduciaries has interim stop orders put on three funds

  • APS Savings interim stop order in place

  • YFYS faith-based super funds performance test leniency removed

  • Crescent Wealth breaches regulatory standards with misrepresented indirect costs

  • Interim stop orders on two Perpetual funds

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