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Showing 51 - 60 of 289 results for "Australian Financial Services Licence"

Should unused services on AFSLs be subject to ASIC levy?

KANIKA SOOD  |  FRIDAY, 17 APR 2020
... levy for services that it was licensed to offer but did not. Polymath Investors acquired an Australian Financial Services Licence in 2010 to work with wholesale clients to: provide financial advice in four asset classes, deal in those products, and provide ...

ASIC cancels slew of AFSLs

JAMIE WILLIAMSON  |  FRIDAY, 3 APR 2020
... including that of former advice dealer group MyPlanner. The regulator has cancelled the Australian financial services licence of the licensee formerly known as MyPlanner Australia. The Gold Coast-based licensee transitioned its financial advice business ...

Foreign fund managers granted licensing relief

HARRISON WORLEY  |  WEDNESDAY, 11 MAR 2020
Overseas fund managers are set to be exempt from requiring an Australian financial services licence for the purposes of convincing professional investors to become a client. Under ASIC's newly released foreign financial services provider regulatory ...

Franklin Templeton veteran readies two funds

KANIKA SOOD  |  MONDAY, 13 JAN 2020
... 2018, a few months after leaving Warakirri after eight and a half years and obtaining the Australian financial services licence for his new firm. Holowesko is currently the firm's only client. It is still working through the performance fee structure ...

ASIC drags NAB to court for fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... failures. Additionally, the regulator believes NAB contravened its overarching obligations as an Australian Financial Services licence holder to "act efficiently, honestly and fairly". ASIC's case claims NAB engaged in "unconscionable conduct" from ...

ASIC takes action against former AMP adviser

HARRISON WORLEY  |  THURSDAY, 5 DEC 2019
... operated the unregistered managed investment scheme MyWealth Manager without holding an Australian Financial Services licence. According to ASIC, Mohammed operated the scheme from February 2017, raising around $7 million from more than 50 investors targeted ...

Senate creates committee on fintech, regtech

KRISTI CHENG  |  THURSDAY, 12 SEP 2019
... allows the companies to test certain products or services for up to 12 months without an Australian financial services licence or credit licence. The Financial Planning Association of Australia welcomed the creation of this committee and expressed its ...

ASIC bans adviser again

HARRISON WORLEY  |  FRIDAY, 16 AUG 2019
... conjunction with an undertaking from Aujla not to provide financial services, apply for either an Australian financial services licence or become an authorised representative of an AFSL for the full period. After the period ended, Aujla was authorised ...

Managed investment scheme operator AFSL canned

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
The Australian financial services licence of a Sydney-based managed investment scheme operator was cancelled by ASIC. The corporate regulator cancelled the licence of Australian Mutual, which operated a number of investment schemes. The cancellation ...

Small caps boutique shuts doors

KANIKA SOOD  |  WEDNESDAY, 10 JUL 2019
... to investors, a Mhor spokesperson said. Mhor Asset Management also filed to ASIC for its Australian Financial Services Licence to be cancelled. It charged a 1.5% p.a. management fee plus 15.38% performance fee on the amount by which it exceeded the returns ...