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Showing 1 - 10 of 142 results for "AFS licence"

ASIC reviews AFSLs over finfluencer concerns

ELIZA BAVIN  |  FRIDAY, 24 APR 2026
... financial products, including leveraged derivatives, shares and exchange-traded funds. "Finfluencers must either hold an AFS licence or operate as an authorised representative to legally provide financial product advice or arrange for their followers ...

ASIC welcomes support for simplifying guidance on conflicts of interest

MATTHEW WAI  |  TUESDAY, 16 DEC 2025
... practices if necessary. "Specifically, we will take industry standards or codes of conduct into account if the law or your AFS licence conditions require you to comply with a particular standard or code," ASIC said. "You may be subject to international ...

AFCA temporarily reinstates UGC to address complaints

RIDDHIMA TALWANI  |  FRIDAY, 26 SEP 2025
... Master Fund. UGC was expelled from AFCA membership in May 2025 after entering liquidation and cancellation of its AFS licence. However, many consumers were unable to lodge complaints in time as they did not understand the connection between the financial ...

ASIC cancels licence of Brite Advisors

ANDREW MCKEAN  |  MONDAY, 5 MAY 2025
ASIC has cancelled the Australian financial services licence of Brite Advisors after the now-defunct investment and pension firm failed to compensate a client, triggering a payout under the Compensation Scheme of Last Resort (CSLR). The regulator cancelled ...

UGC's AFCA membership to cease

KARREN VERGARA  |  MONDAY, 7 APR 2025
... banned from working in the industry for 10 years. ASIC has since made interim stop orders and cancelled UGC's AFS Licence (AFSL). In cancelling UGC's licence, ASIC required it to remain a member of AFCA until at least May 31. The Federal Court ...

Court finds CFD issuers engaged in 'unconscionable conduct'

ELIZA BAVIN  |  MONDAY, 23 DEC 2024
... Australian-based financial services licensees providing services such as margin forex trading to overseas customers under their AFS licence where such offerings are prohibited," ASIC deputy chair Sarah Court said. "The conduct of licensees providing ...

Fair Work ruling, ASIC put offshoring arrangements on notice

KARREN VERGARA  |  THURSDAY, 14 NOV 2024
... said in a statement to Financial Standard. "We recognise that many licensees outsource functions that relate to their AFS licence, including administrative or operational functions." Cornelissen is all for ASIC's stronger scrutiny. "I actually welcome ...

ASIC cans timeshare company AFSL

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
ASIC cancelled the AFS Licence (AFSL) of timeshare company Ultiqa Lifestyle Promotions, which has been in trouble in the past for providing bad financial advice. Ultiqa's failure to pay an Australian Financial Complaints Authority (AFCA) determination ...

EBC expands local offerings to HNWIs, instos

KARREN VERGARA  |  WEDNESDAY, 16 OCT 2024
UK wealth management and brokerage firm EBC Financial Group (EBC) has scored a new AFS Licence (AFSL) and is ready to take on institutional investors and Australia's growing high-net-worth population. London-based EBC provides financial brokerage, asset ...

ASIC cancels fewer AFSLs in FY24

KARREN VERGARA  |  FRIDAY, 11 OCT 2024
ASIC cancelled or suspended 239 AFS licences (AFSLs) in the 2024 financial year, which is 9% lower than the prior period. Report 797 Licensing and professional registration activities, which tracks licensing and professional registration activities ...
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