Ategrity Specialty (ASIC) news

Ategrity Specialty Insurance Company Holdings: Wells Fargo raises target price to $31 from $30

ASIC raises low volume market transaction threshold by A$1M

ASIC has increased the low volume market transaction threshold by A$1 million, raising it to A$10 million. This adjustment aims to better align regulatory requirements with market conditions and reduce compliance burdens for smaller market participants. The threshold determines the level at which…

Australia August private-sector credit rises 0.6% m/m, s/adj: central bank

Australia’s private-sector credit increased by 0.6% month-over-month in August, according to the latest seasonally adjusted data from the central bank . This growth reflects continued expansion in the sector, which has seen a surge in activity over the past decade. However, regulatory concerns…

Terracom pause in trading: Ter AU

Terracom Trading Pause Amid Regulatory Scrutiny Terracom Ltd (ASX: TER), an ASX-listed coal producer, has seen its shares decline amid ongoing legal challenges from the Australian Securities and Investments Commission (ASIC). The company and several of its executives are facing civil action for…

ASIC cites deficiencies in target market determinations

ASIC has highlighted ongoing deficiencies in target market determinations (TMDs) and distribution practices among financial product issuers, emphasizing the need for stronger compliance with design and distribution obligations (DDO). The findings stem from ASIC’s recent surveillance of 19 issuers…