All posts tagged "AFS Licence"
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152Australia & NZAustralian Court Fines NAB Over Fee Disclosure Statements
NAB charged fees for personal advice without providing customers fee disclosure statements, providing them late, or containing false misleading information.
August 27, 2021 -
140Australia & NZASIC Sues Credit Firms for Failing to Cooperate with AFCA
Two firms repeatedly engaged in disruptive, aggressive and uncooperative behaviour toward AFCA, a civil penalty offence since April 2019.
August 6, 2021 -
118Australia & NZASIC Proposes Additional Guidance on Litigation Funding
ASIC proposes to grant relief from the equal treatment duty to enable the effective distribution of a resolution sum obtained in a class action.
July 18, 2021 -
148Australia & NZ
ASIC Consults on Changes to Market Integrity Rules
Among the changes, the consultation proposes to require market participants to notify ASIC if it suspects a person of engaging in insider trading or manipulative trading.
July 2, 2021 -
85Australia & NZ
ASIC Removes SocGen Securities Licence Conditions
Independent expert did not identify any deficiencies in the adequacy and effectiveness of SocGen's client money controls.
June 27, 2021 -
161Australia & NZ
ASIC Extends Transitional Relief for Foreign Financial Services Firms
ASIC is extending transitional relief provided under its new regulatory framework for foreign firms pending the outcome of the government’s announced reforms.
June 14, 2021 -
205Australia & NZ
ASIC 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 -
124Australia & 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 -
182Australia & NZUPDATE: Former Adviser Jailed for Six Years in Australia
Former adviser Ross Andrew Hopkins misappropriated about A$2.9mn of client funds without their knowledge over three years.
May 28, 2021 -
397Australia & 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
