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Showing 1 - 10 of 150 results for "ADI"

Stake to operate under its own AFSL

ANDREW MCKEAN  |  MONDAY, 8 JUL 2024
... group. This means that the funds of Stake customers, currently held on trust with an authorised deposit-taking institution (ADI) by Sanlam, will instead be held on trust by Stakeshop AFSL in a new account with the same ADI. Stake's head of legal, risk ...

Qualitas secures additional $300m mandate

ELIZA BAVIN  |  THURSDAY, 27 JUN 2024
Qualitas has announced a commitment of up to $300 million from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for its existing Qualitas Diversified Credit Investments (QDCI) platform. This represents ADIA's third commitment to ...

Heartland finally gets regulatory approval for Challenger Bank acquisition

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... make Heartland Bank the first New Zealand registered bank to acquire an Australian Authorised Deposit-taking Institution (ADI)," Heartland said. "Once Heartland Australia becomes part of Heartland Bank Australia, it will be the only specialist bank provider ...

ASIC, APRA issues more FAR guidance

KARREN VERGARA  |  MONDAY, 11 MAR 2024
APRA and ASIC have released more information about the Financial Accountability Regime (FAR) in preparation for the March 15 launch date. The regulators unveiled several key materials for the financial services sector, which were under consultation ...

Islamic Bank hands back licence

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... said. Also in May 2023, Hejaz Financial Services took a $10 million stake in the bank. It had originally been pursuing its own ADI.

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
Treasury has released long-awaited draft legislation to reduce administrative burdens of financial advisers but is missing key pieces, such as the elimination of the Best Interests Duty and the overhaul of the Statement of Advice (SoA). Released today ...

Insto injects further $530m in Qualitas

KARREN VERGARA  |  TUESDAY, 3 OCT 2023
An unnamed institutional investor has injected an additional $530 million into a Qualitas strategy, bringing it closer to its total $1 billion commitment. Qualitas' Private Income Credit Fund (QPICF) now has $750 million in total. Qualitas said that ...

Qualitas scores another $700m from ADIA

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
The listed real estate manager has secured a second commitment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The sovereign wealth fund will now invest a total of $1.4 billion in the Qualitas Diversified Credit Investments ...

Regulators begin FAR consultation

CHLOE WALKER  |  THURSDAY, 20 JUL 2023
... that prescribe information for inclusion in the FAR register of accountable persons, including supporting detail about the ADI key function descriptions, as well as proposed transitional rules that prescribe information to be provided by banking entities ...

Challenger settles real estate unit divestment

KARREN VERGARA  |  MONDAY, 10 JUL 2023
Challenger has settled the sale of its real estate business to Elanor Investors Group for the final price of $38 million. The total consideration, which represents 24.8 million shares issued in ASX-listed Elanor (ENN), is before-tax and transaction ...
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