Search ResultsShowing 1 - 10 of 100+ results for "AFS"
Registration deadline extended: ASIC
ELIZABETH MCARTHUR  |  THURSDAY, 14 NOV 2019
... disciplinary bodies would soon be displaced by the new body. Despite the lack of a monitoring body for the code, ASIC said: "AFS licensees will still be required to take reasonable steps to ensure that their financial advisers comply with the code from ...
Trustee firm, super fund in hot water
JAMIE WILLIAMSON  |  WEDNESDAY, 6 NOV 2019
... against Tidswell Financial Services as the trustee of MobiSuper as well as its promoter, MobiSuper Pty Limited (Mobi) and its AFS licensee ZIB Financial (ZIB). Also named in the action is MobiSuper and ZIB Financial director Andrew Richard Grover. Tidswell ...
ASIC freezes Sydney advisers' assets
ELIZA BAVIN  |  WEDNESDAY, 6 NOV 2019
... accepting reports of concerns of misconduct in relation to the activities of Hopkins and QWL. QWL is a registered holder of the AFS license and operates from its office in Sydney's northern suburbs.
ASIC calls out accountants
ELIZA BAVIN  |  TUESDAY, 5 NOV 2019
... accountants' exemption (or a modified version of it), we do acknowledge that there are aspects of the accountants' limited AFS regime (which was introduced when the exemption was removed) that are difficult to comply with," the submission said. The regulator ...
ASIC nudges robo-adviser to shutter
ELIZABETH MCARTHUR  |  FRIDAY, 18 OCT 2019
... required of human advisers - the advice must be appropriate to the client and comply with the best interests duty. "ASIC expects AFS licensees and financial advisers using or recommending digital advice tools to ensure that they adequately monitor and ...
ASIC grants compliance scheme relief
HARRISON WORLEY  |  WEDNESDAY, 16 OCT 2019
ASIC will grant AFS licensees with relief from the obligation to ensure their financial advisers are covered by a compliance scheme. As part of the government's decision late last week to accelerate the establishment of a single disciplinary body for ...
Consultation opens on new ASIC powers
ELIZABETH MCARTHUR  |  WEDNESDAY, 11 SEP 2019
... or credit business, expanding the grounds on which ASIC can ban people. Finally, giving false or misleading statements in AFS and credit licence applications will be brought into line under the proposed legislation. Consultation on the legislation is ...
Queensland-based AFSL suspended
ELIZABETH MCARTHUR  |  TUESDAY, 10 SEP 2019
ASIC has suspended the AFS licence of a Queensland-based financial advice practice over concerns it was not meeting its obligations as a licensee. The regulator said Financial Options Pty Ltd failed to lodge its accounts and audit report for the year ...
Suncorp pays $1.4m remediation bill
JAMIE WILLIAMSON  |  TUESDAY, 3 SEP 2019
... retail clients was defective. ASIC was concerned Guardian Advice had failed to comply with its general obligations as an AFS licensee, including monitoring and supervising its representatives and ensuring they were adequately trained or competent. A ...
Beware adviser conflicts of interest: Lonsec
ELIZABETH MCARTHUR  |  WEDNESDAY, 28 AUG 2019
... expects advisers to be able to prove how an MDA is in the best interest of their clients. "ASIC also expects advisers and AFS licensees to monitor the performance and ongoing appropriateness of the MDA service for their clients," the spokesperson sai ...
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