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

Search Results

Showing 741 - 750 of 3595 results for "Limited"

Fund managers failing value assessments: FCA

KARREN VERGARA  |  THURSDAY, 8 JUL 2021
... management (i.e. with the aim of outperforming market returns), and were managed with the aim of outperformance, but had a more limited stated objective of achieving 'long-term capital growth', or similar wording," the regulator said. UK fund ...

ASIC announces advice affordability findings

KARREN VERGARA  |  TUESDAY, 6 JUL 2021
... who took part during consultations in November 2020 and then again in April 2021, said they want to use the term 'limited advice'. However, several barriers impede the provision of limited advice, namely that it is too costly and that comprehensive ...

Robinhood hit with record-breaking fine

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
... relied on algorithms it called "option account approval bots" to approve customers for options trading but provided very limited oversight. The third breach saw several technical outages that the platform failed to address. The most serious outage occurred ...

UHNWs drive record luxury real estate demand

ELIZABETH MCARTHUR  |  THURSDAY, 1 JUL 2021
... established Australian prime property is listed on market has reduced by almost a week. "It's still evident there are limited prestige listings across the country, with many keen buyers now making buying off-market transactions. Many prestige buyers ...

ASIC cancels BBY licence

KANIKA SOOD  |  TUESDAY, 29 JUN 2021
The corporate regulator has cancelled the Australian financial services licence held by stockbroker BBY Limited, after suspending it in May 2015 for three years. BBY's AFSL will go until 31 March 2022 only for the purposes of giving clients access to ...

WAM Global to acquire LIC

KANIKA SOOD  |  TUESDAY, 29 JUN 2021
WAM Global Limited has entered a scheme of implementation arrangement with the discounted LIC Templeton Global Growth Fund to acquire 100% of TGG shares. WGB is already a shareholder in TGG and wants to acquire the shares it does not hold. TGG investors ...

UK bans crypto exchange Binance

ELIZABETH MCARTHUR  |  MONDAY, 28 JUN 2021
... was aware that the company is offering UK consumers a range of products and services via its website. "Binance Markets Limited is not permitted to undertake any regulated activity in the UK," the FCA said. The FCA did not say why it banned Binance but ...

Better Advice regulations hit parliament

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
... issue an infringement notice or recommend that ASIC apply to the court for a civil penalty. The current regulations are limited to banning advisers. The new law will create additional penalties and sanctions for advisers who have breached their obligations ...

Advisers who failed FASEA exam granted extension

KARREN VERGARA  |  THURSDAY, 24 JUN 2021
... acknowledging the effects of the COVID-19 pandemic and the disruption it has caused, the Morrison government has introduced "very limited changes to FASEA exam requirements", she said. "For those who have made two genuine attempts to pass the FASEA exam ...

Cbus invests in NHFIC issues

KANIKA SOOD  |  THURSDAY, 24 JUN 2021
... government-guaranteed and offered investors like Cbus fixed rate of 2.335% for 15-year interest only loans to Community Housing Limited (CHL) over a 40-year project life. NHFIC two recent social bond issuances are targeting 1,000 new and over 2,800 existing ...