Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 141 - 150 of 162 results for "AFS Licensee"

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 ...

ASIC cancels two financial services licences

CLAIRE MCGREAL  |  FRIDAY, 25 NOV 2011
ASIC is continuing its crackdown of the financial services industry with the cancellation of two more licenses. Melbourne-based FP Investment Partners lost its licence for not making sure that the proper arrangements were in place for the management ...

ASIC bans authorised representative of Romad Financial Services

CLAIRE MCGREAL  |  TUESDAY, 8 NOV 2011
... managed investment schemes without holding an AFS licence or being authorised under RFS's AFS licence or any other AFS licensee, to issue interests in managed investment schemes. It also found he engaged in conduct in relation to a financial product ...

Opus Capital offers EU olive branch to ASIC

ELISE BURGESS  |  FRIDAY, 14 OCT 2011
Opus Capital has offered an enforceable undertaking to ASIC after the rectification of a condition breach of its Australian financial services licence. The regulator has accepted the offer. Opus Capital, a responsible entity for 14 unlisted property ...

ASIC surveillance sharpens focus on AFS licensees

MATT WOODINGTON  |  TUESDAY, 13 SEP 2011
Financial services licensees must effectively monitor business models for possible conflicts of interest and prioritise training and supervision of advisers, said ASIC, as part of plans to raise standards in the advice industry and hold gatekeepers ...