AFS Licence

Financial planning

Money Management crunches the numbers on ASIC’s data on Australian financial services licence approvals and how it compares over the last three years....

Financial planning

ASIC cancels BBY’s licence

The Australian Securities and Investments Commission has cancelled the Australian financial services licence of BBY Limited, effective 24 June, following the earlier susp...

Financial planning

ASIC says forget commercial advantage, just get licensed

An unlicensed company sought to convince the Australian Securities and Investments Commission that there was commercial advantage in it being allowed to have advisers con...

Policy & Regulation

Licence changes to two financial services firms

The Australian financial services licence of one financial services providers has been cancelled while another has been revoked. ...

Financial planning

New AFSL for entities who sell funeral expenses facilities

The Australian Securities and Investments Commission has announced that entities who sell funeral expenses facilities will be required to hold an Australian financial ser...

Financial planning

ASIC extends Halifax AFSL suspension

The Australian Securities and Investments Commission has further suspended Halifax Investments Services’ Australian Financial Services Licence....

Policy & Regulation

Direct FX loses licence after six-month suspension

The Australian Securities and Investments Commission has cancelled the Australian financial services licence of Direct FX Trading Pty Ltd. ...

Financial planning

ASIC suspends Direct FX’S AFS licence

The Australian Securities and Investments Commission has suspended the Australian financial services licence of Direct FX Trading for failing to comply with the financial...

Policy & Regulation

ASIC places restrictions on OTC derivatives dealers

The regulator has placed significant restrictions upon AFS licence holders that hold client money for trading in over-the-counter (OTC) derivatives....

Policy & Regulation

Enforceable Undertakings accepted for AFS licence

Two directors of financial services company, One Investment Services, have entered into an enforceable undertaking with ASIC following misconduct in their application for...