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Showing 61 - 70 of 569 results for %22Australian Financial Services Licence%22

Proxy advice reforms defeated

RACHEL ALEMBAKIS  |  FRIDAY, 11 FEB 2022
... Regulations 2021 started on February 7, and required all proxy advisers to gain a new type of Australian Financial Services Licence (AFSL) and will be required to share their recommendations on a company with the company on the same day it provides that ...

New trading platform to enter Australia

ELIZABETH MCARTHUR  |  TUESDAY, 21 DEC 2021
... will position itself locally as a premium online trading platform. It has been granted an Australian Financial Services Licence by ASIC. Moomoo offers a free online account and says an account can be opened in minutes. It differentiates itself from other ...

Proxy advice reforms force transparency, AFS licensing

KARREN VERGARA  |  MONDAY, 20 DEC 2021
... resolutions put at company meetings. This includes advising superannuation funds, which collectively own around 20% of the Australian Stock Exchange worth around $510 billion," he said. The Australian Council of Superannuation Investors chief executive ...

ASIC sues ANZ over home loan referrals

CHLOE WALKER  |  FRIDAY, 26 NOV 2021
... Australia. ASIC also alleges between November 2015 to June 2020, ANZ breached its general conduct obligations as an Australian Credit Licence holder by failing to take reasonable steps to ensure its representatives did not conduct business with unlicensed ...

ASIC files contempt application against Mawhinney

ELIZABETH MCARTHUR  |  TUESDAY, 16 NOV 2021
... the group to facilitate the recapitalisation. It also said there were plans to launch its business model "outside the Australian regulatory environment". Financial Standard has reached out to Mayfair 101 for comment.

ASIC cancels AFSL of Future Asset Management

ELIZABETH MCARTHUR  |  FRIDAY, 12 NOV 2021
... Future Asset Management International of its licence to operate. ASIC cancelled the firm's Australian financial services licence because it is in liquidation. Future AM International is the responsible entity for Future Asset Holding Fund, Future Conservation ...

ASIC issues warning to finfluencer sponsors

KARREN VERGARA  |  WEDNESDAY, 10 NOV 2021
... their potential for unintended consequences arising from finfluencer collaboration," Armour said in an article for the Australian Institute of Company Directors. There is also the risk that an unlicensed finfluencer may breach general advice provisions. ...

ASIC provides licensing update

ELIZABETH MCARTHUR  |  THURSDAY, 16 SEP 2021
ASIC has released its annual report on the number of Australian financial services licences (AFSLs) and Australian credit licences (ACLs) applied for and approved - revealing an increase in applications. The regulator revealed that between July 2020 ...

NAB fined $18.5m over misleading fee disclosure

JAMIE WILLIAMSON  |  THURSDAY, 26 AUG 2021
... from charging service fees. The court said the bank also contravened its obligations as an Australian financial services licence holder by failing to have procedures and systems in place to ensure fee disclosure statements were provided in a timely manner. ...

ASIC bans adviser, cancels AFSL

ANNABELLE DICKSON  |  THURSDAY, 22 JUL 2021
... effect to a determination by AFCA. The AFSL was cancelled after Trade Wind FS failed to co-operate with the Australian Financial Complaints Authority (AFCA) and pay two AFCA determinations on time. In addition, Trade Wind FS did not lodge its 2019 and ...