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Showing 81 - 90 of 142 results for "AFS Licence"

ASIC targets NAB super after compliance breakdown

ALEX BURKE | THURSDAY, 2 FEB 2017

... implementation and potential conflicts of interest within the NAB super business. "The additional conditions imposed on NULIS' AFS licence reflect ASIC's priority of improving compliance and disclosure standards in the superannuation industry, including ...

False information undermining ASIC integrity

KERRIE SYDEE | THURSDAY, 8 DEC 2016

... "Performance against the licensing measure in general has been affected by ASIC's resourcing, and the increase in AFS licence applications as a result of the expiry (in June 2016) of the transition period for accountants to apply for a limited licence," ...

Advisory firm has licence cancelled

MARK SMITH | MONDAY, 19 SEP 2016

... obligations and licence conditions and came despite repeated requests from ASIC to comply. Allegianz had held its AFS licence since July 2012 and provided specialised government, commercial and financial advisory services. Allegianz's failure to comply ...

ASIC cancels AFSL, bans responsible managers

DARREN SNYDER | FRIDAY, 9 SEP 2016

... breaches within 10 days; and failing to maintain the competence to provide financial services authorised under its AFS licence. The Sharemarket College offered training programs on trading in the share market, intraday markets and exchange traded options ...

Last-minute accountant AFSL applications creating ASIC backlog

ALEX BURKE | FRIDAY, 8 JUL 2016

... and significant penalties apply. "Accountants and other advisers who have not had their application for a limited AFS licence approved by ASIC need to implement contingencies until such time as their applications have been approved by ASIC."

ASIC warns SMSF accountants to have backup plan

KERRIE SYDEE | WEDNESDAY, 8 JUN 2016

... unlicensed financial services is a criminal offence." ASIC is currently assessing more than 300 applications for a limited AFS licence and said that the time it takes to assess applications will be dependent on the quality of the applications and workload ...

Lack of resources impacting ASIC

KERRIE SYDEE | WEDNESDAY, 1 JUN 2016

... reasons for the fall. From 1 July to 31 December 2015, a total of 1006 applications were under consideration for a new AFS licence or a variation of AFS licence, of these applications 34% (338) were approved. The approval rate has fallen by 6% from the ...

ASIC cancels AFSL of wholesale fund manager

KERRIE SYDEE | WEDNESDAY, 1 JUN 2016

... financial system." In a statement ASIC reminded wholesale fund managers that they are required to comply with the AFS licence obligations and that action will be taken if they fail to do so.

More CBA-aligned advisers under scrutiny

DARREN SNYDER | THURSDAY, 17 DEC 2015

... the Compliance Report, is expected in 2016 and is auditing whether CFPL and FWL have complied with their additional AFS licence conditions, including the implementation of an advice review and client compensation activities arising from KordaMentha Forensic's ...

Queensland director banned for two years

DARREN SNYDER | FRIDAY, 10 JUL 2015

... (unregistered) and the Paladin Monetizer Fund (ARSN 153 294 083) are no longer in operation. Exalt has also requested its AFS licence be cancelled.

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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