The Federal Court determined Vanguard misled investors via claims it made about certain ESG screens it applied to its Ethically Conscious Global Aggregate Bond Index Fund.
The TMRS maintains certain obligations for issuers to protect investors and ensure transparent and fair markets. These include ongoing notification requirements codified in the Australian Corporations Act and New Zealand Financial Markets Conduct Regulations respectively.
The corporate, markets and financial services regulator has had another busy year. Over the past year, some of Australia’s biggest firms have caught the attention of ASIC for a range of different