Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 131 - 140 of 1197 results for "Licence"

Neobank Volt closes its doors

CASSANDRA BALDINI  |  WEDNESDAY, 29 JUN 2022
Australian neobank Volt, the first of its kind to receive a full banking licence from APRA, is closing its doors and urging customers to withdraw all funds from accounts before July 5. In a statement, Volt said the decision was made by the board after ...

ASIC obtains orders to freeze assets

ANDREW MCKEAN  |  TUESDAY, 28 JUN 2022
... allegedly carried on a financial services business, since June 2019, without holding an Australian financial services licence. It's also been alleged that Arandez and/or these companies have obtained approximately $2.5 million from Australian investors ...

ASIC releases CCIV guidelines

CASSANDRA BALDINI  |  FRIDAY, 24 JUN 2022
... company must be limited by shares; the sole director must be a public company that holds an Australian financial services licence (AFS) authorising operation; and the company must have at least one sub-fund to register and the sub-fund must have one ...

BTC Markets gains ASFL

CHLOE WALKER  |  TUESDAY, 21 JUN 2022
... The AFSL is currently focused on non-cash payment products and general advice, however variations may be added to the licence over time. BTC Markets chief executive Caroline Bowler said the licence follows nearly 18 months of engagement with ASIC. "We ...

MSC Group launches Singaporean fund service

CASSANDRA BALDINI  |  FRIDAY, 17 JUN 2022
MSC Group has launched its fund services platform in Singapore after receiving a local capital markets licence. Its wholly owned subsidiary MSC Capital Partners Pte Ltd was issued the licence by the monetary authority of Singapore at the end of May. ...

ASIC freezes assets of unlicensed property mogul

CASSANDRA BALDINI  |  WEDNESDAY, 8 JUN 2022
... Hopkins and two of his companies, alleging he was misleading clients and running a financial service business without a licence. ASIC alleges that Hopkins, business owner of The A Team Property Group Pty Ltd and Sash Investment Holdings Pty Ltd, told ...

ASIC succeeds in application to liquidate Ascent

CASSANDRA BALDINI  |  MONDAY, 6 JUN 2022
... succeeded in its application to liquidate Ascent Investment and Coaching Pty Ltd after suspecting it was operating without a licence and falsified financial records. ASIC made an application to the Federal Court in March to wind up Ascent and for the ...

HESTA opposes AGL demerger

JAMIE WILLIAMSON  |  WEDNESDAY, 25 MAY 2022
... impacted communities would be supported; "An equitable transition is a vital underpinning of the company's long-term social licence to operate and would directly impact our members who deliver vital services in these communities." HESTA chief executive ...

State Street plans local ETF portal launch

JAMIE WILLIAMSON  |  FRIDAY, 20 MAY 2022
... citing the speed of growth seen in the local ETF market. Documents show ASIC granted State Street Global Markets a market licence in late February and State Street said a roll out strategy for the Australian market is "forthcoming". "The Fund Connect ...

ASIC bans financial adviser for five years

ANDREW MCKEAN  |  FRIDAY, 20 MAY 2022
Sydney financial adviser Walter Yaolong Guan has been banned for five years after operating without a licence. ASIC found that between March 2017 and August 2021, Guan, through his company Perennial Growth, carried on a financial services business when ...