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Showing 1 - 10 of 951 results for "AFSL"

ASIC bans former NextGen Financial Group directors

KARREN VERGARA  |  FRIDAY, 24 JUL 2026
... shortly after failing to comply with an AFCA determination that was subsequently escalated to the Federal Court. NextGen's AFSL was active from February 2004 until February 2024. One of the firm's former clients, WJ & V Drakoulis Super, sought to ...

New 'high-risk' derivatives on the rise

MATTHEW WAI  |  MONDAY, 20 JUL 2026
... said. "Businesses offering derivatives, including perps, will generally require an Australian financial services licence (AFSL). "ASIC takes unlicensed conduct seriously and where it identifies serious misconduct it won't hesitate to take further action." ...

Prime Value licence suspended over reporting failures

VINNY VUCAGO  |  MONDAY, 20 JUL 2026
ASIC has suspended the Australian financial services licence (AFSL) of Prime Value Asset Management after the fund manager failure to meet its statutory audit and financial reporting obligations for two consecutive financial years. The corporate regulator ...

ASIC cancels AFSL of Australian Fiduciaries

RIDDHIMA TALWANI  |  FRIDAY, 17 JUL 2026
ASIC has cancelled the Australian financial services licence (AFSL) of Queensland-based Australian Fiduciaries, which is currently in liquidation. This follows Australian Fiduciaries' inability to pay the amount determined by the Australian Financial ...

ASIC seeks to wind up Capital Guard AU

KARREN VERGARA  |  WEDNESDAY, 15 JUL 2026
... It also promised to offer "responsible investment strategies to help clients build robust portfolios." The company held an AFSL since 15 August 2017, however the previous financial services business was sold in 2024 to its current management. Capital ...

ASIC cancels Trive Financial's AFSL as review into CFDs continues

VINNY VUCAGO  |  FRIDAY, 10 JUL 2026
ASIC has cancelled the Australian financial services licence (AFSL) of contracts for difference (CFD) issuer Trive Financial Services Australia, after determining the company was no longer carrying on a financial services business in Australia. The ...

FAAA urges insolvency crackdown to curb soaring CSLR costs

VINNY VUCAGO  |  THURSDAY, 9 JUL 2026
... The FAAA acknowledged the financial advice licensing process can be lengthy, noting ASIC aims to determine 70% of complete AFSL applications within 150 days of 90% within 240 days. However, Anderson argued these checks remain necessary given advisers' ...

SS&C to accept digital cash for tokenised investments

MATTHEW WAI  |  THURSDAY, 9 JUL 2026
... the Digital Assets Framework Bill, requiring digital assets providers to obtain an Australian financial service licence (AFSL). Swyftx was the latest to join the lineup, which allowed the exchange to handle retail derivatives, basic deposit products ...

ASIC ceases a further 26 authorisations after review

MATTHEW WAI  |  FRIDAY, 3 JUL 2026
... the deadline. ASIC may undertake a further review looking at the details of the qualifications and training courses that AFSL have marked on the FAR. It comes as Padua WealthData highlighted the adviser numbers have dipped below 15,000, as seven licensees ...

ASIC cancels AFSL of Capital Guard over fake bond sale

ELIZA BAVIN  |  FRIDAY, 3 JUL 2026
ASIC has cancelled the Australian Financial Services Licence (AFSL) of Capital Guard after finding that it had engaged in dishonest conduct, including the selling of a fake bond and providing false documents to its auditor. ASIC said the licence was ...
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