Search Results for: Asic
AAT affirms ASIC’s disqualification and banning of the former MD of Provident Capital Ltd
May 4th, 2017
On 2 May 2017 the Administrative Appeals Tribunal (AAT) upheld ASIC’s decision that Mr Michael Roger O’Sullivan of Sydney be disqualified from managing corporations for five years and from providing financial services for seven years (refer:15-033MR). The AAT qualified ...
ASIC takes action against Courtenay House Capital Trading Group to protect investors
May 2nd, 2017
Following an application by ASIC, the Supreme Court of NSW has made interim orders by consent against Courtenay House Capital Trading Group Pty Ltd (Courtenay House Trading Group), Courtenay House Pty Ltd (Courtenay House) and a number of other ...
ASIC signs fintech Cooperation Agreement with OJK to promote innovation in financial services
April 21st, 2017
The Australian Securities and Investments Commission (ASIC) and Indonesia’s Otoritas Jasa Keuangan (OJK) have entered a Cooperation Agreement to promote innovation in financial services in their respective markets. The agreement, signed today in Melbourne, establishes a framework for cooperation ...
ASIC bans former director of AFS Capital
April 20th, 2017
ASIC has banned Dr Bingxing Hu (Dr Hu), of Melbourne, Victoria, from providing financial services for five years. Dr Hu was a director of AFS Capital Securities Limited ACN 143 006 151 (AFS Capital) from 8 April 2010 until ...
ASIC extends the relief provided for foreign collective investment schemes for two years
April 3rd, 2017
ASIC has extended Class Order Foreign collective investment schemes () for two years. This class order was due to expire (sunset) on 1 April 2017. provides relief for collective investment schemes from the requirement ...
ASIC establishes Financial Advisers Consultative Committee
March 29th, 2017
ASIC today announced the establishment of the Financial Advisers Consultative Committee, designed to improve industry engagement with its regulator, and revealed its initial membership. ‘ASIC has extensive engagement with participants in the financial advice sector as well as financial ...
ASIC cancels credit licences of Emparo Enterprises and Quick Cash Advance
March 28th, 2017
ASIC has cancelled the Australian credit licences held by Emparo Enterprises Pty Ltd (Emparo Enterprises) and Quick Cash Advance Pty Ltd (Quick Cash Advance) after it was found they failed to hold membership of an approved external dispute resolution ...
ASIC cancels the AFS license of Financial Services firms
March 25th, 2017
ASIC has cancelled the Australian financial services (AFS) licences of Rebate Financial Services Pty Ltd and Capstone Capital Pty Ltd for failing to comply with a number of their key obligations as financial services licensees. In particular, ASIC has ...
ASIC accepts enforceable undertaking from Barclays entities
March 23rd, 2017
Yesterday, ASIC accepted an enforceable undertaking (EU) from three Barclays foreign financial service providers (FFSPs): Barclays Capital Inc. (BCI) domiciled in the United States of America Barclays Capital Asia Limited (BCAL) domiciled in Hong Kong, and Barclays Capital Securities Limited ...
ASIC permanently bans former financial planner
March 22nd, 2017
ASIC has permanently banned Daniel Peter Logan from providing financial services, after finding that he engaged in dishonest conduct and failed to comply with a financial services law. Daniel Peter Logan, 37, formerly of Brisbane was a financial planner ...