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Showing 51 - 60 of 104 results for %22AFSL Register%22

ASIC releases weekly regulatory tracker

ELIZA BAVIN  |  FRIDAY, 8 MAY 2020
... regulatory changes, including to market integrity rules, implementing recommendations from the Royal Commission and guidance on AFSL requirements. ASIC said it remains committed to focusing its efforts on COVID-19 related regulatory issues until at least ...

500 advisers exit during COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
Rainmaker analysis of the ASIC Financial Adviser Register shows that just shy of 500 financial advisers have left the industry in the last two months. From 27 February 2020 to 23 April 2020 the ASIC FAR dropped from 23,226 advisers (excluding time share ...

BAS agents to give financial advice

ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
... Statement of Advice when doing so; permitted registered tax agents to give advice to existing clients about the scheme without an AFSL; and issued a temporary no-action position for super trustees to expand the scope of personal advice that can be provided ...

ASIC provides relief around early super access advice

JAMIE WILLIAMSON  |  TUESDAY, 14 APR 2020
... Advice (SOA) when doing so; permitted registered tax agents to give advice to existing clients about the scheme without an AFSL; and issued a temporary no-action position for super trustees to expand the scope of personal advice that can be provided ...

YBR national advice lead moves to Interprac

ELIZABETH MCARTHUR  |  FRIDAY, 3 APR 2020
... sale agreement with Interprac. The sale means current YBR Wealth advisers will become licensed by Interprac (which holds an AFSL within the Sequoia Group). Rainmaker analysis of the ASIC Financial Adviser Register shows a few of YBR advisers have left ...

Foreign fund managers granted licensing relief

HARRISON WORLEY  |  WEDNESDAY, 11 MAR 2020
... allowed to persuade entities with more than $10 million in net assets to invest in overseas vehicles. They will not require and AFSL to do so. Clients they would be able to work with include responsible entities of registered schemes and trustees of ...

YBR exits wealth, sells for $2.5 million

ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
... Sequoia Group. The sale will mean current YBR Wealth advisers will become licenced advisers of Interprac (which holds an AFSL within the Sequoia Group). Rainmaker analysis of the ASIC Financial Adviser Register shows that YBR had 58 advisers in the middle ...

Half of all AFSL applications approved

ELIZABETH MCARTHUR  |  MONDAY, 16 DEC 2019
ASIC revealed just 53% of AFSL applications received this year were approved. ASIC received approximately 2491 applications in 2018-2019 - 64% of AFS licences, 27% for credit licences and 9% relating to professional auditor registrations. In the report ...

Integration of super advice business completes

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 DEC 2019
... changes to the register to be completed by the end of this calendar year, within ASIC's allowable timelines." The StatePlus AFSL, State Super Financial Services, had 267 registered financial advisers on the ASIC FAR at the start of November. From last ...

ASIC suspends Melbourne-based AFSL

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
ASIC has suspended the AFSL of Melbourne-based financial services provider Australian Golden Securities until May 2020. ASIC said the licence has been suspended over concerns the company is not meeting its obligations as an AFS licensee. The regulator ...