Search ResultsShowing 1 - 10 of 100+ results for "Australian Financial Services Licence"
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 ...
Small caps boutique shuts doors
KANIKA SOOD  |  WEDNESDAY, 10 JUL 2019
... 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 ...
ASIC boosts AFSL application requirements
HARRISON WORLEY  |  MONDAY, 8 JUL 2019
ASIC has altered the procedure it uses to assess Australian Financial Services Licence applicants, with many now required to provide more historic information to the corporate regulator. ASIC released information sheet 240 to help guide for AFSLs ...
ASIC to offer AFSL relief to overseas firms
HARRISON WORLEY  |  THURSDAY, 4 JUL 2019
... for foreign providers of funds management services to professional investors to hold an Australian Financial Services Licence. The corporate regulator released consultation paper 315, which outlines its proposal to provide funds management relief ...
Former Kaz Capital adviser banned
ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
... price of trading in, shares. ASIC found Cornford provided a financial service when the Australian financial services licence of Kaz Capital did not cover the provision of the service. ASIC imposed licence conditions on Kaz Capital in January this ...
ASIC suspends advice group AFSL
ELIZABETH MCARTHUR  |  THURSDAY, 2 MAY 2019
ASIC has suspended the Australian financial services licence of a Sydney-based financial advice group. Australasia Wealth Services and Management failed to obtain membership of the Australian Financial Complaints Authority (AFCA), therefore ...
Morgans Financial licence conditions lifted
ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
... independent consultant found that Morgans had adequately addressed the concerns by designing and implementing responses to the recommendations. As a result of the report, ASIC has updated Morgans' Australian financial services licence conditions.
ASIC releases AFSL approval data
JAMIE WILLIAMSON  |  FRIDAY, 1 MAR 2019
Of the 1728 new Australian Financial Services Licence applications ASIC considered last financial year, 758 were approved. Close to 200 AFSLs were cancelled in the same period. Latest statistics from ASIC show that of the 758 approvals, 303 ...
AFCA hears legacy complaints
KANIKA SOOD  |  THURSDAY, 21 FEB 2019
... is reduced to two years." In his final report Commissioner Hayne recommended that Australian financial services licence (AFSL) holders should be obliged to take reasonable steps to co-operate with AFCA in its resolution of particular disputes ...
Synchron renews calls on risk advice separation
KANIKA SOOD  |  FRIDAY, 1 FEB 2019
... advice," he said. Trapnell has long advocated for licensees to be hold a specialist Australian Financial Services Licence (AFSL) to deal in financial planning advice and/or life insurance. A licensee could then choose to hold one or, as ...
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