Sentences with phrase «afs license»

Here are some of ASIC «s concerns: many AFS license holders appeared to be based overseas, while promoting the security of Australian regulation; a number number of smaller licensed companies that were foreign - owned (or controlled by a foreign firm) showed lack of awareness or understanding of Australian regulations; some of the firms holding ASIC licenses had outsourced key compliance aspects to third parties, some of which were related to the AFS licensees and based overseas (and were subject to little, if any, regulatory oversight in their home jurisdiction).

In fact, the commission obtained more than 150 regulatory outcomes as a result of the review conducted, including recapitalization to comply with financial requirements, improvements of defective disclosures, submission of overdue financial reports, cessation of unlicensed conduct, and AFS license suspensions and cancellations, etc..

Offshore Wealth guarantees AFS license, tools for projects choosing and the organization of platform's profitable work.

Not exact matches

Always look for a planner who works for a firm that holds an Australian Financial Services (AFS) License issued by the Australian Securities and Investments Commission (ASIC).

ASIC identified two interrelated trends in the course of the surveillance program: significant increase in the number of license applications from entities seeking to operate retail OTC derivatives financial services businesses in Australia, and growing non-compliance with the Australian regulatory requirements by existing AFS (Australian financial services) license holders.

They can be licensed personally, as a director or employee of an AFS licence holder, or as an authorised representative of an AFS licence holder.

issuers and advisers of margin lending facilities to be licensed by ASIC under an Australian financial services (AFS) licence