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FOS consults on new Terms of Reference |
 The Financial Ombudsman Service (which was created by the merger of FICS with the banking and the insurance Ombudsmen in July) is consulting on its new Terms of Reference. SDIA made a lengthly submission on the draft Term of Reference during October.
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Share Purchase Plan Level should be Increased |
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In August, SDIA made an application to ASIC to increase the level of share purchase plans (SPPs). ASIC replied in October that they will undertake a consultation process in 2009 to consider whether the current level should be increased.
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ASX Capital Requirements |
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In October, we again met ASX with a group of the affected members, where ASX made it clear that the changes will stand. Affected members are now considering their position.
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