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

Search Results

Showing 41 - 50 of 935 results for "AFSL"

ASIC welcomes support for simplifying guidance on conflicts of interest

MATTHEW WAI  |  TUESDAY, 16 DEC 2025
... has made changes to the regulatory guidance on managing conflicts of interest for Australian financial services licence (AFSL) holders, with the changes informed by its surveillance of private markets. The updated Regulatory Guide 181 AFS Licensing ...

Mulino wants PII to step up to make CSLR sustainable

KARREN VERGARA  |  MONDAY, 15 DEC 2025
... the value PII brings in the context of CSLR. At the recent Financial Advice Association Congress, he shared that one large AFSL had to fly to London to negotiate with the insurer Lloyd's of London to cover a portion of a determination. The AFSL ended ...

ASIC suspends MW Planning AFSL over missing responsible manager

MATTHEW WAI  |  FRIDAY, 12 DEC 2025
ASIC has suspended the Australian financial services licence (AFSL) of MW Planning, a subsidiary of MWL Financial Group, after it failed to appoint a new responsible manager. The AFSL is suspended until 8 June 2026. ASIC said MW Planning failed to fulfil ...

ASIC class relief for digital assets now effective

MATTHEW WAI  |  WEDNESDAY, 10 DEC 2025
... proposing to mandate digital asset providers offering financial products to hold an Australian financial services licence (AFSL). Meanwhile, the ASIC Corporations (Amendment) Instrument 2025/871 - registered on the same day - amends the ASIC Corporations ...

ASIC takes action on Spice Capital Partners, founder

KARREN VERGARA  |  WEDNESDAY, 10 DEC 2025
... will be granted restraining orders on Oxlade and Spice Capital from carrying on a financial services business without an AFSL. Oxlade has been on ASIC's radar for other misconduct. ASIC banned Oxlade from working as a director for four years in 2017 ...

ASIC sues Diversa for First Guardian failures

KARREN VERGARA  |  TUESDAY, 9 DEC 2025
... offering and reviewing investment options, as well as do all things necessary to ensure the financial services covered by its AFSL were provided efficiently, honestly and fairly. In April 2025, liquidators were ordered to wind up First Guardian. At the ...

ASIC releases legal obligations for private credit funds

ELIZA BAVIN  |  TUESDAY, 9 DEC 2025
... of their obligations under the Corporations Act to do all things necessary to ensure that financial services covered by an AFSL are provided efficiently, honestly and fairly; have in place adequate arrangements for the management of conflicts of interest ...

Former ASIC supervisor joins crypto platform as operating chief

MATTHEW WAI  |  MONDAY, 1 DEC 2025
... platforms distributing digital assets falling under the classification of financial products will be required to apply for an AFSL. ASIC has granted a sector-wide no-action position until 30 June 2026 but urged those entities to act promptly to avoid ...

ASIC suspends Newcastle advice firm's AFSL over missing key person

MATTHEW WAI  |  FRIDAY, 28 NOV 2025
ASIC has suspended the AFSL of Focused Financial Advice (FFA) until December 19, which has operated for more than two years without a key person. FFA was established in 2003 and provides financial services around superannuation, life insurance, retirement ...

FAAA's Advice Academy launches

KARREN VERGARA  |  FRIDAY, 28 NOV 2025
... and Striver. FAAA chief executive Sarah Abood said the academy assists PY candidates and their supervisors, employers and AFSL holders through a comprehensive one-stop shop service which responds to the need for centralised, trusted support and information. ...