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Showing 151 - 160 of 354 results for "Australian Financial Services licence"

Insurer must refund $330k

EMMA RAPAPORT  |  WEDNESDAY, 21 JUN 2017
... for the policy," ASIC said. As a result, ASIC has placed conditions on Virginia Surety's Australian financial services licence. It must: Refund the life premium paid by affected customers plus interest; Engage an independent external compliance expert ...

Funds management not up to scratch: ASIC

EMMA RAPAPORT  |  WEDNESDAY, 14 JUN 2017
... comply with their obligations as a responsible entity, as well as the conditions of their Australian financial services licence. "However, in order to meet higher standards more aligned with growing consumer expectations, our surveillance showed there ...

ASIC cancels AFSL, bans former executives and fund managers

JAMIE WILLIAMSON  |  TUESDAY, 30 MAY 2017
... control and provide notification of the appointment of an auditor. "The opportunity to hold an Australian financial services licence requires compliance with some fundamental obligations, including reporting requirements. Where licensees fail to meet ...

Private wealth specialist appoints chief executive

ALEX BURKE  |  THURSDAY, 11 MAY 2017
... principal at Mercer. Murray's new role will see him oversee Sterling's transition to its own Australian financial services licence from Magnitude. He said this would enable the firm to "build on a history of success and to position the organisation for ...

Unlicensed financial services' provider convicted

EMMA RAPAPORT  |  WEDNESDAY, 3 MAY 2017
... back to the trustees of the SMSF in their personal capacity. Ross had never been granted an Australian Financial Services Licence or an Australian Credit Licence and has never been an authorised representative of a licensee. He was convicted on April ...

Legalsuper awards global equities mandate

ALEX BURKE  |  WEDNESDAY, 26 APR 2017
... described Australia as a "key market" for GQG. The firm itself is exempt from holding an Australian financial services licence when providing financial services to wholesale Australian investors as it is regulated by the Securities and Exchange Commission ...

ASIC cancels suspended AFSL

EMMA RAPAPORT  |  THURSDAY, 6 APR 2017
ASIC has cancelled the Australian financial services licence of Parramatta-based company Rural & General Insurance Broking for failing to comply with legal obligations and licence conditions. The regulator found the company failed to lodge annual financial ...

ASIC permanently bans Queensland adviser

KARREN VERGARA  |  THURSDAY, 23 MAR 2017
... review of ASIC's decision. Separately, ASIC cancelled fund manager Aquaint Capital Limited's Australian Financial Services Licence on 28 February. The company was placed into liquidation in September last year and was the responsible entity for the Aquaint ...

We have made mistakes: CBA

KARREN VERGARA  |  TUESDAY, 7 MAR 2017
... the end of 2017. This aims to provide details on the overall quality of the industry, and Australian Financial Services Licence (AFSL) holders' misconduct and consequences of guilty misconduct in providing financial advice. Elliott also noted that by ...

DomaCom gets ASIC tick for bond crowdfunding

ALEX BURKE  |  TUESDAY, 7 FEB 2017
... DomaCom was given ASIC approval to extend its crowdfunding model to securities. DomaCom's Australian financial services licence has been varied so the company can now offer fractional investment in corporate bonds as well as peer-to-peer mortgage bond ...