All posts tagged "AFS Licence"
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110Australia & NZASIC Takes Legal Action Against Unregistered SMSF Scheme Operators
Investors were encouraged to roll superannuation monies into a self-managed super fund to invest - by way of a loan - in an unregistered scheme operated a former AMP adviser.
December 5, 2019 -
188Australia & NZ
ASIC Initiates Civil Penalty Proceedings Against Former ANZ Business
ASIC says that RI Advice Group, acquired by IOOF from ANZ last year, failed to take reasonable steps to ensure that one of its advisers, John Doyle, provided appropriate advice and acted in clients’ best interests.
November 4, 2019 -
193Australia & NZASIC Wins Appeal in Westpac Super Switching Case
The ruling could limit the ability of financial services firms to market and cross-sell investment products using the 'general advice' allowance under the law.
October 29, 2019 -
356Australia & NZ
ASIC Updates Assessment Procedures for AFS Licence Applicants
Licence applicants are now required to provide certain additional information and documents in their application to allow ASIC to ensure responsible officers are of good fame or character.
July 8, 2019 -
544Australia & NZ
ASIC Proposes Licensing Relief for Foreign Funds Managers
ASIC proposes to exempt foreign fund management providers from the requirement to hold an AFS licence to provide services to professional investors in Australia.
July 4, 2019 -
374Australia & NZAustralia Consults on Corporate Structure for Funds
New 'CCIV' structure will allow Australia asset managers to market fund products to the rest of Asia, complementing the Asia Region Funds Passport.
June 20, 2018 -
249Australia & NZ
ASIC Consults on ‘Foreign’ AFS Licence Proposal
New approach would replace current mechanism of granting relief to foreign financial service providers from AFS licensing, and provide ASIC with broader range of tools to regulate the activities of foreign providers.
June 5, 2018 -
468Australia & NZ
ASIC Finds Clear Bias Towards In-house WMPs at Big Banks
The report says 68 percent of clients are heavily invested in banks' in-house products; advisors may face bans if conflicts of interest are not managed better.
January 26, 2018 -
416Australia & NZ
Australia Licences Seven Crowd-Funding Intermediaries
Eligible public companies can raise up to AUD 5 million in funds through equity crowdfunding and will face fewer regulatory requirements for fundraising.
January 14, 2018
