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Showing 1031 - 1040 of 1224 results for "Licensees"

ASIC raises bar on OTC derivatives

MELANIE TIMBRELL  |  WEDNESDAY, 1 AUG 2012
... (OTC) derivative issuers. ASIC commissioner Greg Tanzer said the new requirements had been developed to help ensure AFS licensees have adequate resources to effectively manage operational risks. "Considering the complex and risky nature of retail OTC ...

"Bad apples" slipping through the cracks: ASIC

BEN COLLINS  |  THURSDAY, 26 JUL 2012
The corporate regulator has put licensees on notice, saying there is growing concern that "bad apples" in the industry are slipping through the cracks because of poor reference checking when advisers swap between groups. At the Association of Financial ...

APRA updates MySuper FAQ guide

ALEX DUNNIN  |  THURSDAY, 12 JUL 2012
... practices, transition arrangements and investment strategy. Some of the more notable advice it contains is that RSE licensees can offer more than one MySuper product provided they get approval, and a single super fund can offer several MySuper products ...

BT appoints national manager

LINDA HAUSKEN  |  WEDNESDAY, 4 JUL 2012
... practices who are looking to, or currently running, their own AFSL. Licensee Select currently provides services to 76 licensees and 323 advisers across Australia.

ALI penalised after compliance failures

BEN COLLINS  |  WEDNESDAY, 20 JUN 2012
... resources used by ALI Group. ASIC commissioner Peter Kell said that confidence in the financial services industry depends on licensees having robust compliance procedures in place, supported by appropriate competencies, resources and a culture of compliance. ...

Compensation report finds against last resort scheme

RACHEL DAVIS  |  WEDNESDAY, 9 MAY 2012
... report found that retail clients are generally able to recover compensation for losses attributable to misconduct by licensees, except where the licensee lacks the resources to meet those claims. If current arrangements are reinforced then "it would ...

FPA calls for improved education on advice

LINDA HAUSKEN  |  TUESDAY, 8 MAY 2012
... insurance & superannuation, Financial Ombudsman Service. Approximately 260 practicing financial planners, along with licensees and compliance, legal and training professionals attended the workshop.

ASIC warns industry about misusing term independent

LINDA HAUSKEN  |  THURSDAY, 3 MAY 2012
... statements about the independence of the licensee or the services they provide in breach of the Corporations Act. AFS licensees are prohibited from using the terms, 'independent', 'unbiased' or 'impartial' if they receive commission or volume-based payments. ...

APRA releases draft MySuper authorisation form

MELANIE TIMBRELL  |  THURSDAY, 3 MAY 2012
... said the proposed authorisation requirements are designed to align with legislative requirements. "We encourage RSE licensees considering offering a MySuper product to use the draft application form and instructions in discussions with their Board on ...

FPA calls on ASIC for clearer advice definitions

LINDA HAUSKEN  |  WEDNESDAY, 2 MAY 2012
... Commission for greater clarity and definitions of quality advice. Approximately 150 practising financial planners, along with licensees and compliance, legal and training professionals attended the Financial Planning Association's (FPA) first Shadow ...