Search Results | Showing 51 - 60 of 111 results for "AFS Licensees" |
| | | ... adviser, a 38% increase on the previous year. The corporate watchdog is looking to recoup $40.17 million from 3051 AFS licensees with 22,652 advisers. While ASIC states that the indicative levies for 2019-20 are an estimate, the FPA said a 38% cost increase ... |
| | | | ... to maintain adequate competence and capacity to provide the financial services covered by its AFSF. "ASIC expects AFS licensees to do all things necessary to meet their obligations under financial services laws, comply with their licence conditions ... |
| | | | ... regime. Overseas firms holding a new foreign entities license will be exempt from some obligations which apply to AFS licensees, including financial requirements, with ASIC satisfied similar regulatory supervision and outcomes will be achieved by equivalent ... |
| | | | ... applications were approved and 31 were withdrawn. "For the first year since inception, the total number of approved AFS licensees has fallen (from 6170 in June 2018 to 6159 in June 2019)," ASIC said. "Given the generally consistent number of new AFS ... |
| | | | ... obligations, the regulator will consider cancelling or further suspending the licence," ASIC said. "ASIC expects AFS licensees to do all things necessary to meet their obligations under financial services laws, comply with their licence conditions, and ... |
| | | | ... MyNextAdvice, which has launched a solution to help licensees monitor adviser compliance. "ASIC has mandated that AFS Licensees are responsible for monitoring adviser compliance with the code until the Government establishes a central code monitoring ... |
| | | | AFS licensees are consistently failing to provide correct information about advice fees to clients and are potentially still charging fees long after ongoing fee arrangements have been terminated, ASIC has found. The report, Compliance with fee disclosure ... |
| | | | ... breaches of the code. "Financial advisers will still be required to comply with the code from 1 January 2020 and AFS licensees will still be required to take reasonable steps to ensure that their financial advisers comply with the code," ASIC said. This ... |
| | | | ... The regulator stressed financial advisers will still be required to comply with the code from 1 January 2020 and AFS licensees will still be required to take reasonable steps to ensure that their financial advisers comply with the code. ASIC said that ... |
| | | | ... bodies would soon be displaced by the new body. Despite the lack of a monitoring body for the code, ASIC said: "AFS licensees will still be required to take reasonable steps to ensure that their financial advisers comply with the code from 1 January ... |
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