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Showing 161 - 170 of 354 results for "Australian Financial Services Licence"

Sydney firm sees AFSL cancelled

EMMA RAPAPORT  |  WEDNESDAY, 18 JAN 2017
ASIC cancelled the Australian Financial Services Licence of Sydney based insurance company Core Insurance for failing to lodge financial statements and auditor reports for two years. Core Insurance, which trades as Ferme, has held its AFSL since October ...

False information undermining ASIC integrity

KERRIE SYDEE  |  THURSDAY, 8 DEC 2016
False information and misrepresentations made to ASIC are undermining the regulator's integrity, highlighting one of several concerns in its latest licensing activity report. The report, which reveals the volume and outcome from ASIC's licensing and ...

Carwardine to undergo external advice review

KERRIE SYDEE  |  WEDNESDAY, 7 DEC 2016
... Lionsgate Financial Group (Lionsgate) after additional licence conditions were placed on its Australian financial services licence (AFSL) in 2013. The conditions required Lionsgate to appoint an independent expert to review all aspects of its arrangement ...

ASIC probe reveals 185 more CBA compo cases

KERRIE SYDEE  |  TUESDAY, 6 DEC 2016
KordaMentha Forensic's third report on the varied licence conditions imposed on Commonwealth Financial Planning and Financial Wisdom has revealed compensation has been offered to a further 185 cases. The report was required under the additional conditions ...

Equititrust CEO remains permanently banned

KERRIE SYDEE  |  THURSDAY, 20 OCT 2016
... investigation into the collapse of Equititrust, which is in liquidation. Equititrust held an Australian financial services licence and was the responsible entity of Equititrust Income Fund (EIF) and the Equititrust Priority Class Income Fund (EPCIF). ...

ASIC cancels AFSL, bans responsible managers

DARREN SNYDER  |  FRIDAY, 9 SEP 2016
ASIC recently cancelled the Australian financial services licence of Brisbane-based education and training business, The Sharemarket College. ASIC said the Sharemarket College failed to comply with a number of its obligations as a financial services ...

Fears of increased compliance costs misguided

JAMIE WILLIAMSON  |  THURSDAY, 8 SEP 2016
... required by the market. "For starters, robo advisers targeted directly to consumers need an Australian Financial Services Licence, whereas an enterprise digital advice platform is designed for use by financial institutions that already have an AFSL and ...

New trustee launches managed investment schemes

DARREN SNYDER  |  THURSDAY, 1 SEP 2016
... and liquidity. The launch of the two funds coincides with Evolution Trustees receiving an Australian financial services licence, authorising it to operate registered and unregistered managed investment schemes, to act as a Managed Investment Trust (MIT) ...

ASIC cancels AFSL of global firm

KERRIE SYDEE  |  THURSDAY, 18 AUG 2016
ASIC has cancelled the Australian financial services licence of an international financial services firm. Marigold Falconer International had its AFSL cancelled after ASIC was not satisfied that it could obtain insurance cover for the services it was ...

PMIIG licence cancelled

MARK SMITH  |  FRIDAY, 5 AUG 2016
ASIC has cancelled the Australian financial services licence of Pacific Millennium International Investment Group (PMIIG), with effect on 28 July, after it breached its obligations. PMIIG was authorised under its AFSL to provide general financial advice ...