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Showing 141 - 150 of 166 results for "AFS Licensee"

CBA, ASIC unveil details of new compensation scheme

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
Commonwealth Bank (CBA) has revealed the details of the new licensing conditions for its financial planning businesses after the original process to compensate victims of poor advice was found to be inconsistent. Commonwealth Financial Planning (CFPL) ...

ASIC cancels 8 AFSLs after review

LAURA MILLAN  |  TUESDAY, 22 JUL 2014
Eight advice businesses have had their Australian financial services (AFS) licenses cancelled after an Australian Securities and Investments Commission (ASIC) review into licensees that failed to lodge audited annual statement. The review has resulted ...

ASIC eyes fee for service funding model

LAURA MILLAN  |  TUESDAY, 8 APR 2014
The Australian Securities and Investments Commission (ASIC) asked the Financial System Inquiry (FSI) to consider changing the regulator's funding model to one partly based on fee for service. In a submission to the Murray inquiry, ASIC proposed to charge ...

ASIC asks for public adviser register to track "bad apples"

LAURA MILLAN  |  FRIDAY, 1 NOV 2013
The Australian Securities and Investments Commission (ASIC) has asked for a public register of financial advisers detailing licensee records so the regulator and investors can easily identify "bad apples." In a submission to the Senate inquiry about ...

ASIC warns consumers about NRAS property ads

MARK SMITH  |  TUESDAY, 22 OCT 2013
The Australian Securities and Investments Commission (ASIC) has warned consumers about advertising that promotes the use of self-managed superannuation funds (SMSFs) to invest in residential properties through the National Rental Affordability Scheme ...

SPAA approves government's response to Trio reports

LAURA MILLAN  |  TUESDAY, 30 APR 2013
... advocate for such a scheme where clients have suffered financial losses because of the misconduct or insolvency of an AFS licensee, and that the compensation should be funded by a levy imposed on that sector of the industry where the misconduct occurred," ...

ASIC imposes AFSL conditions on Lionsgate

ALEX DUNNIN  |  THURSDAY, 7 MAR 2013
... years. ASIC's action is in response to concerns that Lionsgate was not complying with its general obligations as an AFS licensee. In a statement, ASIC said it was concerned that Lionsgate did not maintain sufficient resources to carry out supervisory ...

ASIC raises bar on OTC derivatives

MELANIE TIMBRELL  |  WEDNESDAY, 1 AUG 2012
Issuers of OTC derivatives, including CFDs and margin foreign exchange derivatives, will have to meet new financial requirements just released by ASIC. The Australian Securities & Investments Commission (ASIC) yesterday announced an increase in minimum ...

Industry questions RE concept after Trio collapse

MELANIE TIMBRELL  |  WEDNESDAY, 23 MAY 2012
... of the arrangement whereby a scheme's lawful ASIC-registered RE has outsourced part of the RE function to another AFS licensee with an RE authorisation. It stems from the passage of the Managed Investment Scheme Act in 1998, which saw the single responsible ...

ASIC warns industry about misusing term independent

LINDA HAUSKEN  |  THURSDAY, 3 MAY 2012
ASIC has warned the industry that misuse of the term independent will result in strong action by the regulator, including publicly naming companies found to be in breach. In a recent surveillance project, Australian Securities and Investments Commission ...