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Showing 51 - 60 of 87 results for "AFS Licensees"

ASIC consults on advice code monitoring bodies

JAMIE WILLIAMSON  |  TUESDAY, 15 MAY 2018
... enforced by ASIC-approved compliance schemes. ASIC has proposed that the Corporations Act be reformed to require AFS licensees and authorised representatives to provide information to all code monitoring bodies to enable effective and proactive monitoring ...

ASIC puts corner-cutting advisers on notice

JAMIE WILLIAMSON  |  MONDAY, 22 JAN 2018
... and their staff who engage in these practices should consider this a final warning," ASIC chair Peter Kell said. "AFS licensees have ultimate responsibility for the conduct of their representatives and need to effectively monitor and supervise their ...

HLB Mann Judd revises AFSL

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2018
... effective from 20 December 2017 and replaces an interim undertaking by HLB Mann Judd to cease IER engagements. "AFS licensees active in the provision of IERs have heightened responsibilities as financial system gatekeepers. We will continue to monitor ...

Small licensees are PI insurance compliant: ASIC

KARREN VERGARA  |  WEDNESDAY, 30 AUG 2017
... professional indemnity (PI) insurance obligations, according to an ASIC investigation. ASIC's review included 56 small AFS licensees with 20 or less authorised representatives and revenue of $2 million or less. It aimed to determine if the licensees ...

ASIC flags stronger adviser surveillance

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2017
... clients who are paying fees to receive such services. ASIC said it will pay particular attention to instances where AFS licensees claim to provide general advice to retail clients when selling financial products (and therefore do not need to comply with ...

ClearView slams APL standard

KARREN VERGARA  |  TUESDAY, 18 APR 2017
... or research house ratings. ClearView will petition the government for mandated open life insurance APLs for all AFS licensees and is preparing a formal submission in response to the FSC's draft standards.

Sydney firm sees AFSL cancelled

EMMA RAPAPORT  |  WEDNESDAY, 18 JAN 2017
... auditor reports and auditor opinions for three years. The regulator said it would "not hesitate to act" against AFS licensees who do not comply with ASIC requirements.

Regulator finalises ANZ compliance review

ALEX BURKE  |  FRIDAY, 23 DEC 2016
... AFS obligations. This is important in maintaining customer trust and confidence in the sector." "ASIC expects all AFS licensees to have systems in place to ensure they can satisfy their general AFS obligations," he said.

Advisers to foot $24m bill

KERRIE SYDEE  |  TUESDAY, 8 NOV 2016
... Financial Advisers Register (FAR). Under the proposal licensees would pay $960 per number of advisers listed on the FAR. AFS Licensees who provide personal advice on Tier 2 products only to retail clients will pay a $1500 flat levy, general advice providers ...

Adviser Ratings makes two senior hires

KERRIE SYDEE  |  TUESDAY, 20 SEP 2016
... for advisers and licensees in the retail insurance sector. Cowie's role will see her securing industry members, AFS licensees and advisers to ensure a high level of engagement across the platform. Managing director Angus Woods said: "Both Jaime and Kellie ...