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Showing 291 - 300 of 936 results for "AFSL"

Disclosure lacking in common ownership: Committee

JAMIE WILLIAMSON  |  FRIDAY, 18 MAR 2022
... also wants mechanisms introduced to ensure asset managers engage with their owners in making voting decisions, and for the AFSL requirements of proxy advisors to be expanded. It should be noted that reforms introduced by the government at the end of ...

ASIC opens CCIV licensing consultation

KARREN VERGARA  |  FRIDAY, 18 MAR 2022
ASIC is seeking feedback on licensing rules for the Corporate Collective Investment Vehicles regime ahead of its July implementation date. The consultation includes examining the licensing application process - AFSLs wanting to apply and operate a CCIV ...

FPA pushes for advice law simplification

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
... threshold, factoring in indexation, and introducing a financial capability measure. The association further recommends that an AFSL regulates financial products and remove the requirement to cover the provision of financial advice, while the regulation ...

Mingshi Investment Management to launch local offering

JAMIE WILLIAMSON  |  THURSDAY, 24 FEB 2022
The Shanghai-headquartered investment manager has been handed an AFSL as it looks to roll out two local China-A shares funds for institutional and sophisticated investors. Following the opening of its Sydney office last month, Mingshi Investment Management ...

Expansion strategy boosts Sequoia results

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
... Brokers, its associated business assets, and independent premium funding company. It has also secured a new general insurance AFSL which will allow SEQ General Insurance to operate in the same way Interprac Financial Planning does for risk advisers and ...

Aware Super advice arm to pay $20m fine

CHLOE WALKER  |  FRIDAY, 18 FEB 2022
... internal procedures, measures, and controls in place to monitor compliance, Aware FS also breached its obligations as an AFSL holder to act efficiently, honestly and fairly and to comply with financial services laws. In handing down his decision, Justice ...

ASIC considering more action on Sterling collapse

KARREN VERGARA  |  MONDAY, 14 FEB 2022
... recommendations are under consideration. The first recommendation involves ASIC commencing legal proceedings against current and former AFSL holders that allegedly breached section 917B of the Corporations Act 2001 and have not consented to participate ...

Proxy advice reforms defeated

RACHEL ALEMBAKIS  |  FRIDAY, 11 FEB 2022
... 2021 started on February 7, and required all proxy advisers to gain a new type of Australian Financial Services Licence (AFSL) and will be required to share their recommendations on a company with the company on the same day it provides that advice to ...

PE Capital in liquidation

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
... Funds Management is now in liquidation after the Federal Court found that it operated managed investment schemes without an AFSL and engaged in misleading and deceptive conduct. The court found that over $16 million was invested in the registered and ...

New operations chief for advice tech start-up

CHLOE WALKER  |  FRIDAY, 4 FEB 2022
iFactFind has appointed Bill Taylor to the newly created position of chief operating officer. Taylor, who was previously business manager at Trapeze Group and led the Asia Pacific division of global event automation platform Certain, will spearhead ...