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Showing 61 - 70 of 786 results for "Australian Financial Services"

Breach reporting guidance released

KARREN VERGARA  |  WEDNESDAY, 8 SEP 2021
... Complying with the notify, investigate and remediate obligations sets out further guidance on how Australian financial services licensees can meet their obligations, set to commence on October 1. ASIC explains how advisers must notify affected clients ...

NAB fined $18.5m over misleading fee disclosure

JAMIE WILLIAMSON  |  THURSDAY, 26 AUG 2021
... prohibited from charging service fees. The court said the bank also contravened its obligations as an Australian financial services licence holder by failing to have procedures and systems in place to ensure fee disclosure statements were provided in ...

New shareholder at Crescent Wealth

ELIZABETH MCARTHUR  |  THURSDAY, 5 AUG 2021
... opportunity for his family office to become a shareholder. "Crescent Wealth has been a pioneer in Australian financial services and a champion for Islamic finance initiatives. We share the same values and a passion for ethical investing. I look forward ...

ASIC cancels BBY licence

KANIKA SOOD  |  TUESDAY, 29 JUN 2021
The corporate regulator has cancelled the Australian financial services licence held by stockbroker BBY Limited, after suspending it in May 2015 for three years. BBY's AFSL will go until 31 March 2022 only for the purposes of giving clients access to ...

AMP sued for charging dead clients

JAMIE WILLIAMSON  |  THURSDAY, 27 MAY 2021
... pointed out. AMP and the aforementioned subsidiaries contravened their overarching obligations as Australian financial services licensees to act efficiently, honestly and fairly, the regulator said. "ASIC further alleges that the AMP companies' conduct ...

ASIC cancels AFSLs

ANNABELLE DICKSON  |  TUESDAY, 25 MAY 2021
The corporate regulator has cancelled the Australian financial services licences (AFSL) of two providers for failing to lodge audited financial accounts and failing to maintain an AFCA membership. Victorian-based financial services provider and mortgage ...

ASIC to wind up PE Capital

ELIZABETH MCARTHUR  |  FRIDAY, 14 MAY 2021
... Opportunities Fund. According to ASIC, PE Capital issued interests in the unregistered schemes without an Australian financial services licence (AFSL) or a valid authorisation from an AFSL holder. The claim says PE Capital held itself out as being a ...

Proxy advisers under scrutiny

ELIZABETH MCARTHUR  |  MONDAY, 3 MAY 2021
... common practice for super funds to disclose voting activities. Proxy advisers are required to hold Australian financial services licences for advice they provide to investors. But Treasury is apparently concerned that they may be advising on issues they ...

Final days to nominate in 2021 MAX Awards

JAMIE WILLIAMSON  |  THURSDAY, 22 APR 2021
... in their 16th year, the MAX Awards recognise leading individuals, teams and organisations in the Australian financial services industry who have achieved excellence in marketing, advertising and sales. The awards feature 22 categories, including Agency ...

Goldsky director charged

ELIZABETH MCARTHUR  |  TUESDAY, 13 APR 2021
... Goldsky had breached the Corporations Act by operating a financial services business without an Australian Financial Services licence. The US Securities and Exchange Commission filed a civil suit against Goldsky Asset Management and Grace in 2018 after ...