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Showing 181 - 190 of 357 results for "Australian Financial Services licence"

ASIC consults on robo regulation

ALEX BURKE  |  MONDAY, 21 MAR 2016
... about and expectations for digital advice. It suggests robo-advice providers must hold an Australian financial services licence unless the information provided can be considered "factual" - i.e., where "the truth or accuracy... cannot reasonably be questioned." ...

July 1 will end the "amateur" SMSF era

ALEX BURKE  |  MONDAY, 21 MAR 2016
... financial planners," he said. He said that many SMSF accountants still haven't applied for their Australian financial services licence, which will make continuing to provide SMSF advice after July 1 increasingly difficult. Coupled with the higher entry ...

ASIC tightens Macquarie's AFSL

ALEX BURKE  |  FRIDAY, 11 MAR 2016
ASIC has announced additional conditions on Macquarie Bank's Australian financial services licence following an investigation. ASIC investigated several Macquarie breach reports between 2004 and 2014 pertaining to "breaches of the client money provisions ...

Perpetual Private partners law firm to help accountants with AFSLs

MARK SMITH  |  THURSDAY, 3 MAR 2016
... Commercial Lawyers to help support accounting practices looking to obtain their own limited Australian Financial Services Licence (AFSL) as part of new rules coming in on July 1. The online portal, Cowell Clarke Connect, will give accountants access ...

Limited AFSLs like "part-time surgeons"

ALEX BURKE  |  THURSDAY, 14 JAN 2016
Accountants with limited Australian financial services licences are like "part-time surgeons," according to John Birt, principal of advice M&A broker Radar Results. Birt branded limited AFS licenses "dangerous" and argued that in order for accountants ...

ASIC accepts J.P. Morgan enforceable undertaking

ALEX BURKE  |  THURSDAY, 19 NOV 2015
... financial service providers to disclose to clients that they are exempt from holding an Australian financial services licence and that they are regulated by the relevant overseas regulatory authority," said ASIC commissioner Cathie Amour. "Foreign financial ...

Property spruiker banned for providing unlawful advice

MARK SMITH  |  TUESDAY, 20 OCT 2015
... people invest in property via SMSFs, or facilitate such an investment, and who do not have an Australian financial services licence are breaking the law. "It is important that advisers who deal with SMSFs are appropriately licenced."

Dunfo Capital AFSL canceled

STAFF WRITER  |  WEDNESDAY, 30 SEP 2015
Dunfo Capital, formerly known as GSM Financial Group, has seen its Australian Financial Services Licence (AFSL) canceled by ASIC. The financial services company's licence was suspended on February 2015, as ASIC gave Dunfo six months to meet its legal ...

ASIC warns super trustees

DARREN SNYDER  |  TUESDAY, 15 SEP 2015
... surveillance of responsible entities and superannuation trustees that are also holders of an Australian Financial Services Licence (AFSL). Trustees were also warned about the presentation of rollover forms attached to product disclosure statements that ...

FEATURE: Managed accounts - more than meets the eye

ALEX BURKE  |  FRIDAY, 4 SEP 2015
... and personalisation as an MDA, but require fewer additional provisions in the provider's Australian financial services licence, as an MDA gives the provider responsibility for investment selection as well as asset custody. SMAs, meanwhile, represent ...