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Showing 191 - 200 of 1369 results for "Corporations"

UK forewarns Australia on wholesale test changes

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
... wholesale investor tests that could result in channels of funding dry up. A recent Parliamentary Joint Committee on Corporations and Financial Services inquiry is considering a refresh of the entire wholesale investor test framework. According to the ...

ASIC cancels Everest Asset Management's AFSL

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
... in the future. Under the AFSL, Everest had authority to advise and deal in managed investment schemes. "Under the Corporations Act, ASIC may suspend or cancel an AFS licence if a licensee fails to meet its general obligations under s912A. This includes ...

BitConnect promoter pleads guilty

KARREN VERGARA  |  MONDAY, 20 MAY 2024
... admitted to providing unlicensed financial services on behalf of another person contrary to section 911B (1) of the Corporations Act, which is the provision of financial services on behalf of a person who carries on a financial services business. He ...

Link Group rebrands as acquisition completes

JAMIE WILLIAMSON  |  FRIDAY, 17 MAY 2024
... positions, serving some of the largest superannuation and pension funds in the world, as well as some of the largest corporations globally," he said. "Through our two successful businesses, MUFG Retirement Solutions and MUFG Corporate Markets, we deliver ...

Sequoia seeks Takeovers Panel intervention

KARREN VERGARA  |  FRIDAY, 17 MAY 2024
... additional Sequoia shares resulting in increases in collective voting power above 20% in the company and breaches Corporations Act section 606. While Sequoia is not seeking interim orders, the panel said it wants the shareholders to "give Sequoia a corrective ...

Crescent Capital sells down ClearView stake

ELIZA BAVIN  |  FRIDAY, 17 MAY 2024
... not consider that any of Crescent Capital Partners or the Crescent Funds control ClearView for the purposes of the Corporations Act," ClearView said.

Wholesale investor test reform has several ramifications: SIAA

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... ensure it takes into account all possible consequential impacts." On March 20, a Parliamentary Joint Committee on Corporations and Financial Services launched an inquiry into the entire wholesale investor testing framework. Key facets such as application ...

ANZ confirms ASIC investigation

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... said it understands ASIC is investigating suspected contraventions of several provisions of the ASIC Act and the Corporations Act but did not elaborate. "ANZ takes compliance with its regulatory obligations seriously and is co-operating fully with ASIC," ...

Federal Court rejects two CBA class actions

KARREN VERGARA  |  MONDAY, 13 MAY 2024
... Yates said in his decision on May 10 that the applicants could not establish the bank contravened s 674(2) of the Corporations Act, which forces listed entities to commit to continuous disclosure requirements, with respect to knowing about the AML/CTF ...

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
... significant ruling as the first court outcome against a non-cash payment facility involving crypto. BPS violated the Corporations Act by operating without an AFSL and lacked authorisation from a licence holder to issue or provide financial advice about ...