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

Search Results

Showing 401 - 410 of 425 results for "Financial Services business"

ASIC moves in on unlicensed operators

... business without a licence face a $22,000 fine, a jail term of two years or both. "If you are operating a financial services business without holding an AFSL or representing a licensee, you can expect to hear from you. ASIC will take action against anyone ...

ANZ to merge capital markets and FX businesses

AAP  |  WEDNESDAY, 8 SEP 2004
... businesses together to improve efficiency. The bank said it was reviewing some aspects of its institutional financial services business to ensure it is well positioned to grow revenue while being efficient and managing risk well. \"As part of this, we ...

LFG declares substantial interest in Challenger: report

... property portfolio in one line to AMP, although another ready buyer may also be Mariner Financial, the financial services business run by former Challenger boss Bill Ireland.

ASIC takes Market Traders to court

AAP  |  FRIDAY, 11 JUN 2004
... watchdog has begun legal proceedings against Market Traders Instituted Australasia for conducting a financial services business without a license. The Australian Securities and Investments Commission (ASIC) has started proceedings in the New South Wales ...

AMP financial services business reports strong cash flows

AAP  |  THURSDAY, 6 MAY 2004
AMP is continuing to benefit from the demerger of HHG, with its financial services business reporting net cash flows of $88 million in the first three months of 2004. The first quarter of the year is traditionally the slowest for net cash flows and ...

Watchdog takes action over super scheme fraud

... superannuation benefits. The businessman, Mark David, also consented to allegations that he carried on a financial services business without holding an Australian Financial Services Licence. This action follows a December application by the Australian ...

No licence, no business: ASIC

... punishable by a fine of $22,000 or imprisonment for two years, or both. The conduct of an unlicensed financial services business may also expose offenders to other court actions, ASIC said.

AMP says demerger sparks 83% net cash flow rise

AAP  |  FRIDAY, 16 JAN 2004
... local group revealing a leap in cash flows. During the second half of 2003, net cash flows for AMP's financial services business climbed to $956 million, up 83% compared with the first half. The company said it expected net cash flows of more than $350 ...

ASIC grants AFSL exemption to financial counselling agencies

... ends on 10 March 2004. The FSR reforms introduce a new licensing regime for persons that carry on a financial services business, which includes the provision of financial product advice. ASIC has considered how the new laws apply to the activities of ...

AMP to brief analysts today on HHG

AAP  |  FRIDAY, 28 NOV 2003
Financial services group AMP Ltd will brief analysts this morning on the planned listing of its British business HHG plc. AMP said yesterday listing particulars for HHG, the UK-based operations of AMP to be formed post the group's proposed demerger ...