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Search ResultsShowing 1 - 10 of 100+ results for "Australian Financial Services Licence"
ASIC suspends OTC derivatives issuer
ANNABELLE DICKSON  |  TUESDAY, 21 JUL 2020
The corporate regulator has suspended the Australian financial services licence of Union Standard International Group. The Sydney-based retail over-the-counter derivatives issuer operating as USGFX is suspended until September 23 under 915B of the Corporations ...
ASIC refuses just 3% of AFSL relief applications
HARRISON WORLEY  |  WEDNESDAY, 24 JUN 2020
The corporate regulator refused just 3% of Australian financial services licence relief applications in the six month period that saw COVID-19 intensify. Outlining the regulator's relief application decisions in the six month period between October ...
Judgement delivered in binary options fraud
ALLY SELBY  |  FRIDAY, 19 JUN 2020
... customers through the websites www.titantrade.com and hittps://tradettn.com without holding an Australian financial services licence (AFSL) and without providing the requisite PDS'. The Court found that One Tech Media deliberately misled and deceived ...
Calls for overhaul of AFSL system
ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUN 2020
... professional registration for individual advisers to replace the current system. Currently, an Australian financial services licence (AFSL) is required to provide advice. FPA chief executive Dante De Gori said the law should be changed to focus the AFSL ...
Litigation funders will need AFSLs
ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
... Litigation funders will be regulated under the Corporations Act and required to hold an Australian financial services licence, Treasurer Josh Frydenberg announced today. The Treasurer said the government wants litigation funders to be subject to greater ...
Should unused services on AFSLs be subject to ASIC levy?
KANIKA SOOD  |  FRIDAY, 17 APR 2020
... for services that it was licensed to offer but did not. Polymath Investors acquired an Australian Financial Services Licence in 2010 to work with wholesale clients to: provide financial advice in four asset classes, deal in those products, and provide ...
ASIC cancels slew of AFSLs
JAMIE WILLIAMSON  |  FRIDAY, 3 APR 2020
... including that of former advice dealer group MyPlanner. The regulator has cancelled the Australian financial services licence of the licensee formerly known as MyPlanner Australia. The Gold Coast-based licensee transitioned its financial advice business ...
Foreign fund managers granted licensing relief
HARRISON WORLEY  |  WEDNESDAY, 11 MAR 2020
Overseas fund managers are set to be exempt from requiring an Australian financial services licence for the purposes of convincing professional investors to become a client. Under ASIC's newly released foreign financial services provider regulatory ...
Franklin Templeton veteran readies two funds
KANIKA SOOD  |  MONDAY, 13 JAN 2020
... 2018, a few months after leaving Warakirri after eight and a half years and obtaining the Australian financial services licence for his new firm. Holowesko is currently the firm's only client. It is still working through the performance fee structure ...
ASIC drags NAB to court for fees-for-no-service
HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... Additionally, the regulator believes NAB contravened its overarching obligations as an Australian Financial Services licence holder to "act efficiently, honestly and fairly". ASIC's case claims NAB engaged in "unconscionable conduct" from May 2018 ...
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