All posts tagged "AFS Licence"
-
58Australia & NZASIC Files Australia’s First Criminal Charges Related to Auditing
The charges against EC Audit and its director allege that the audits of Halifax Investment Services were not conducted in accordance with the relevant standards.
June 10, 2021 -
70Australia & NZ
ASIC Bans Former Director of Global Merces Funds Management
The former director is being charged criminally for providing false information to auditors and falsifying the books of Global Merces.
June 2, 2021 -
105Australia & NZAustralia: Former QWL Director, Adviser Jailed for Six Years
The former adviser misappropriated about A$2.9mn of client funds without their knowledge over three years.
May 28, 2021 -
211Australia & NZAustralia’s Financial Sector Welcomes 2021‑22 Budget Initiatives
The measures include an FMI reform package, relief for foreign financial service firms, changes to the superannuation system, and a new commencement date for the CCIV regime.
May 13, 2021 -
108Australia & NZASIC Outlines Approach to Regulating Superannuation Trustees
ASIC’s Jane Eccleston says trustees of non-public offer funds need to apply for an AFS licence or vary their existing licences by 30 April 2021.
February 15, 2021 -
664Australia & NZ
Australian Federal Court Fines OTC Derivative Issuers A$75m
The three OTC derivatives issues are now in liquidation and have also been ordered pay ASIC's costs and to refund approximately 10,000 former clients, on top of the penalties.
October 22, 2020 -
310Australia & NZ
Australia Transitions to New Regulatory Regime for Litigation Funders
Litigation funders will have three months of transition relief before they have to mandatorily hold an AFS licence and comply with rules for managed investment schemes.
August 25, 2020 -
521Australia & NZASX Calls for Reforms Around Class Actions, Litigation Funding
The benefit of securities class actions may disproportionately benefit litigation funders rather than plaintiffs in those proceedings, with the costs falling on the shareholders, ASX says.
June 23, 2020 -
564Australia & NZASIC Imposes Licence Conditions on Societe Generale Securities
Societe Generale Securities Australia self-reported to ASIC that it deposited client money into unauthorised bank accounts.
June 16, 2020 -
575Australia & NZAustralia to Regulate Litigation Funders as AFS Licencees
In three months, litigation funders will no longer be exempt from having to hold an AFS Licence and being categorised as managed investment schemes.
May 26, 2020
