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Showing 31 - 40 of 88 results for "Responsible entities"

ASIC revokes AFSL suspension, cancels another

ELIZA BAVIN  |  TUESDAY, 19 MAY 2020
... deficiency," ASIC said. "In light of this, ASIC revoked the AFS licence suspension on April 21 2020." ASIC said responsible entities with an AFSL are required to meet the minimum level of net tangible assets of $150,000. "Ausfunds had not maintained ...

COVID-19 clogs custody mandate pipeline

ELIZABETH MCARTHUR  |  FRIDAY, 24 APR 2020
... may be less able to do so when its authorised signatories are working from home." The law firm advised that responsible entities and trustees should be aware that third party processes may be interrupted as a result of the pandemic and efforts to slow ...

Foreign fund managers granted licensing relief

HARRISON WORLEY  |  WEDNESDAY, 11 MAR 2020
... overseas vehicles. They will not require and AFSL to do so. Clients they would be able to work with include responsible entities of registered schemes and trustees of superannuation funds, pooled super trusts and public sector super funds, so long as ...

ASIC lifts ban on new opaque active ETFs

KANIKA SOOD  |  WEDNESDAY, 11 DEC 2019
... non-transparent active ETFs, as ASIC lifts the pause after a six-month-long review. However, it has asked responsible entities and market making agents to review their current arrangements to manage risks. The corporate regulator today said its review ...

ASIC to crack down on platform fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 AUG 2019
... is going to have to impose the same capital requirements on a managed account operator that they have for responsible entities and wraps - so a maximum of $5 million," he said. "They'll still let us run the money the way we're doing it - and a wrap do ...

Keybridge shareholder threatens board spill

KANIKA SOOD  |  TUESDAY, 23 JUL 2019
... notice. Supreme Court of New South Wales declared the January 15 meeting and its resolutions to replace the responsible entities as invalid, citing the fact 25% of the unit holders of ABW had not received adequate notice as one of the reasons.

Managed investment scheme operator AFSL canned

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
... ASIC commissioner Danielle Press said of the licence cancellation: "A key priority for ASIC is ensuring that responsible entities take their duty to act in the best interest of investors seriously. This duty of loyalty has been described as the 'most ...

Court throws out Aurora fund takeover bid

KANIKA SOOD  |  FRIDAY, 31 MAY 2019
... afternoon, Supreme Court of New South Wales declared the January 15 meeting and its resolutions to replace the responsible entities as invalid, citing the fact 25% of the unit holders of ABW had not received adequate notice as one of the reasons. The ...

ASIC funding numbers released

HARRISON WORLEY  |  THURSDAY, 6 DEC 2018
... investment managers and managed accounts providers surrendered about $45 million to the corporate regulator, with responsible entities contributing $22.7 million. The funding model uses industry submitted business activity metrics to determine each entity's ...

Aussie asset manager cops ASIC intervention

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
... conditions imposed on Aurora's licence reflect ASIC's priority of protecting investor money and ensuring that responsible entities have appropriate corporate governance and risk management standards in place to keep fund assets separate and secure," ...

Editor's Choice

Aware Super hires head of corporate development

JAMIE WILLIAMSON  |   12:51PM
The $175 billion superannuation fund welcomed its first head of corporate development as it looks to be a "merger partner of choice" in the industry.

Link Group rebrands as acquisition completes

JAMIE WILLIAMSON  |   12:48PM
Link Group announced its new name ahead of delisting from the ASX at today's market close.

Crescent Capital sells down ClearView stake

ELIZA BAVIN  |   12:28PM
ClearView has been alerted that Crescent Capital wishes to sell a major share in the company.

Social media influencers charged for promoting shady investments

ANDREW MCKEAN  |   12:44PM
Reality TV stars from shows like Love Island, Geordie Shore, and The Only Way Is Essex are due to face Court for pushing unauthorised investment schemes on their followers.

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