Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 291 - 300 of 437 results for "Managed investment scheme"

ASIC releases more detail on limited AFS licence

LAURA MILLAN  |  MONDAY, 17 JUN 2013
The Australian Securities and Investments Commission (ASIC) has released guidance on applying for a limited Australian financial services (AFS) licence. The guide establishes the exact definition of a limited AFS licence and it gives more details on ...

ASIC updates MIS guidance

LAURA MILLAN  |  THURSDAY, 6 JUN 2013
The Australian Securities and Investments Commission (ASIC) has revised its guidance for operators of registered managed investment schemes (MIS). MIS industry has until October 1, 2013 to comply with the new requirements. The updated policy guidance ...

Wellington Capital to take PIF case to High Court

LAURA MILLAN  |  FRIDAY, 31 MAY 2013
... unlisted company and shares in a company are an entirely different species of property from units in a managed investment scheme," the court said. At the same time, the PIF Action Group, which represents the disgruntled members of the fund, welcomed ...

Two Storm victims to receive $1.1m in compensation

MARK SMITH  |  WEDNESDAY, 29 MAY 2013
... the action. The Federal Court is yet to set a date for delivery of its judgment in ASIC's unregistered managed investment scheme action against Storm, BoQ and Macquarie.

Preamium SMA deemed suitable for SIV investors

MARK SMITH  |  FRIDAY, 24 MAY 2013
... Andrew Varlamos said the SMA platform was a good structure for the SIV Scheme as it is regulated as a managed investment scheme, adding that Praemium is working with a number of partners who are helping their clients, mostly from Asia, to apply under ...

ASIC to accept submissions for 'hedge fund' definition

LAURA MILLAN  |  THURSDAY, 23 MAY 2013
... allow time for submissions. The currently regulatory guide on hedge funds defines them as a registered managed investment scheme that is promoted as so. The document also states that the main characteristics of hedge funds are the complexity of the investment ...

Opposition and VOFF criticise response to Trio report

LAURA MILLAN  |  MONDAY, 29 APR 2013
The opposition and the Victims of Financial Fraud (VOFF) have criticised the government's response to the reports by the Parliamentary Joint Committee and Richard St. John on the collapse of Trio Capital. Shadow minister for Financial Services and Superannuation ...

ASIC charges former financial adviser

LAURA MILLAN  |  FRIDAY, 12 APR 2013
... services practice out of Mornington, Victoria. ASIC's investigation commenced after the collapse of BDT, a managed investment scheme in 2010 whose responsible entity was Traditional Values Management. On 6 May 2011, ASIC banned Mr Whitting from providing ...

ASIC suspends licence of LM Investment

LAURA MILLAN  |  WEDNESDAY, 10 APR 2013
The Australian Securities and Investments Commission (ASIC) has suspended the Australian financial services licence (AFSL) of LM Investment Management Limited for two years following the company's voluntary administration. The AFSL suspension allows ...

Challenger gets Lonsec approval on annuities

LAURA MILLAN  |  MONDAY, 11 MAR 2013
Challenger's entire suite of annuity products has been approved by independent research house Lonsec. Lonsec awarded the rating to all managed investment schemes and term and lifetime annuities offered by Challenger, including the fastest selling annuity ...