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Showing 71 - 80 of 87 results for "AFS Licensees"

ASIC raises bar on OTC derivatives

MELANIE TIMBRELL  |  WEDNESDAY, 1 AUG 2012
... (OTC) derivative issuers. ASIC commissioner Greg Tanzer said the new requirements had been developed to help ensure AFS licensees have adequate resources to effectively manage operational risks. "Considering the complex and risky nature of retail OTC ...

ASIC bans financial services director

LINDA HAUSKEN  |  THURSDAY, 14 JUN 2012
... company between December 2006 and March 2010 demonstrated a lack of understanding of the obligations imposed on AFS licensees. "The banning of Grochowski reflects ASIC's commitment to raising standards across the financial services industry and showed ...

ASIC warns industry about misusing term independent

LINDA HAUSKEN  |  THURSDAY, 3 MAY 2012
... statements about the independence of the licensee or the services they provide in breach of the Corporations Act. AFS licensees are prohibited from using the terms, 'independent', 'unbiased' or 'impartial' if they receive commission or volume-based payments. ...

ASIC cancels two financial services licences

CLAIRE MCGREAL  |  FRIDAY, 25 NOV 2011
... commitment to ensuring advice industry participants have adequate compliance measures in place and we encourage all AFS licensees to consider whether they need to review and raise their own compliance standards," said ASIC commissioner Peter Kell. Ferguson ...

Opus Capital offers EU olive branch to ASIC

ELISE BURGESS  |  FRIDAY, 14 OCT 2011
... commitment to hold gatekeepers to account, in particular to uphold the integrity of the financial requirements for AFS licensees that operate registered schemes," said ASIC Chairman Greg Medcraft. "The consequences of failing to meet licensee standards ...

ASIC surveillance sharpens focus on AFS licensees

MATT WOODINGTON  |  TUESDAY, 13 SEP 2011
... all products and services they advise upon. "The review has enabled ASIC to continue to engage with the largest AFS licensees and provide them with individual feedback to assist with assessment of risks in their business," said Medcraft. "We have been ...

Opus licence decision overturned

RACHEL DAVIS  |  FRIDAY, 2 SEP 2011
... AFS licence held by Opus. 'The Federal Court's decision reinforces the integrity of the financial requirements for AFS licensees that operate registered schemes,' ASIC Chairman Greg Medcraft said. 'Deferred tax assets are not readily realisable or available ...

ASIC withdraws property fund licence

MATT WOODINGTON  |  THURSDAY, 3 MAR 2011
... investors were supposed to pay the balance and in doing so would take ownership of the land and house. "ASIC expects AFS licensees to meet the conditions of their licence on an ongoing basis and will take steps to cancel a licence if a licensee is unable ...

IMAP elects chair

COMPANY RELEASE  |  WEDNESDAY, 11 NOV 2009
... Potter. Founded in 2006, IMAP represents investment managers, organisations providing managed account platforms and AFS licensees advising on discretionary portfolios.

ASIC boosts online MIS registration

COMPANY RELEASE  |  TUESDAY, 10 MAR 2009
... to lodge forms on behalf of companies. The forms supplement the existing online forms that can already be used by AFS licensees.