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Showing 681 - 690 of 940 results for "AFSL"

ASIC cancels AFSL of global firm

KERRIE SYDEE  |  THURSDAY, 18 AUG 2016
... Australian financial services licence of an international financial services firm. Marigold Falconer International had its AFSL cancelled after ASIC was not satisfied that it could obtain insurance cover for the services it was authorised to provide ...

PMIIG licence cancelled

MARK SMITH  |  FRIDAY, 5 AUG 2016
... International Investment Group (PMIIG), with effect on 28 July, after it breached its obligations. PMIIG was authorised under its AFSL to provide general financial advice and dealing services to wholesale clients. However ASIC found the firm had failed ...

Last-minute accountant AFSL applications creating ASIC backlog

ALEX BURKE  |  FRIDAY, 8 JUL 2016
Now that the deadline for accountants to apply for limited or full Australian financial services licenses to continue providing SMSF advice has been reached, a substantial number of applications are still being assessed due to late submissions. In fact ...

AFSL cancelled for Sydney firm

KERRIE SYDEE  |  MONDAY, 4 JUL 2016
ASIC has cancelled the Australian financial services licence (AFSL) of a Sydney based financial planning firm for failing to meet a number of key obligations. ASIC cancelled Etern Wisdom's AFSL on 6 June 2016 after ASIC discovered the firm had failed ...

ASIC drops Macquarie AFSL conditions

KERRIE SYDEE  |  FRIDAY, 1 JUL 2016
ASIC has removed the additional conditions placed on Macquarie Bank's Australian financial service licence (AFSL) following KPMG's review of the company. KPMG was engaged by Macquarie in April 2016 to undertake an external expert review of the effectiveness ...

ASIC changes drive GPS Wealth growth

KERRIE SYDEE  |  THURSDAY, 30 JUN 2016
The need to hold a limited Australian financial service licence (AFSL) or be an authorised representative of a licence-holder or licensee has seen more than 60 accounting practices join GPS Wealth in the last financial year. The 60 practices including ...

ASIC cancels AFSL of liquidated firm

KERRIE SYDEE  |  WEDNESDAY, 29 JUN 2016
ASIC has cancelled the Australian financial services licence (AFSL) of a Queensland based financial services firm. The cancellation was made at Avamode Financial's request, after the company was placed into liquidation on 4 May 2016. The AFSL cancellation ...

Former Equititrust CEO appeal refused

KERRIE SYDEE  |  TUESDAY, 7 JUN 2016
... from providing any financial services. In 2011, ASIC initially suspended McIvor's Australian financial services licence (AFSL) of Equititrust for 12 months for failing to comply with a number of key obligations as a financial services licensee. Equititrust ...

ASIC cancels AFSL of wholesale fund manager

KERRIE SYDEE  |  WEDNESDAY, 1 JUN 2016
ASIC has cancelled the Australian financial services (AFS) licence of a Sydney based wholesale service provider. TMK Index's licence was cancelled with effect from 12 May 2016 for failing to apply with a number of obligations. Previously known as Fish ...

SMSF accountants seek investment product knowledge

DARREN SNYDER  |  WEDNESDAY, 1 JUN 2016
... Accountant Report said only 1000 accountants have obtained either a full or limited Australian Financial Services Licence (AFSL) in the past 12 months, leaving more than 12,000 not completing the process before the 30 June deadline. Accountants need ...