Tag: ASIC

ASIC suspends AFS license
January 24, 2020 BY Steffy Bogdanova

ASIC suspends AFS licenses of several financial services providers

The Australian Securities & Investments Commission (ASIC) announced yesterday the suspension of the Australian financial services (AFS) licenses of financial services providers Theta Asset Management, Valuestream Investment Management and Global Merces Funds Management. Theta Asset Management Ltd and Valuestream Investment Management Ltd’s licenses have been suspended until 21 July 2020 because two entities are under…

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ASIC suspends AFS license
January 08, 2020 BY Valentina Kirilova

ASIC extends suspension of Halifax Investment Services' AFS licence

Australian watchdog ASIC has announced yesterday that it has extended the suspension of the Australian financial services (AFS) licence held by Halifax Investment Services Pty Ltd until 8 January 2021, effective 18 December 2019. The Halifax AFS licence can continue only to ensure that clients of Halifax continue to have access to an external dispute resolution…

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December 23, 2019 BY Mariela Naydenova

ASIC secures regulatory proceedings against USGFX representatives

The Australian Securities & Investments Commission (ASIC) has announced that the Federal Court in Sydney has issues asset restraint orders against Corporate Authorised Representatives of OTC derivatives provider USGFX, or Union Standard International Group Pty Ltd. ASIC has sought to issue the restraint orders in order to protect customers while an investigation against USGFX is underway. The Federal…

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asic license cancelled
December 19, 2019 BY Valentina Kirilova

Australian watchdog cancels the AFS licence of KP International Group Australia

Australian regulator ASIC has announced earlier today that it has cancelled the Australian financial services (AFS) licence of Sydney-based financial services provider KP International Group Australia Pty Ltd, effective 22 November 2019. This is not the first time ASIC suspends the company's licence, it was previously suspended until 23 September 2020. KP International Group Australia…

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ASIC suspends AFS license
December 10, 2019 BY Valentina Kirilova

ASIC suspends Australian Golden Securities Ltd's AFS licence

Australian regulator ASIC has announced earlier today that it has suspended the Australian financial services (AFS) licence of Melbourne-based financial services provider Australian Golden Securities Ltd (formerly known as AFS Capital Securities Ltd). ASIC found that Australian Golden Securities failed to: lodge its accounts and audit report as a licensee for the year ending 30…

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ASIC office
October 24, 2019 BY Valentina Kirilova

ASIC reports on assessment of the markets operated by Bloomberg Tradebook Australia

Australian regulator ASIC has yesterday reported on its assessment of the markets operated by Bloomberg Tradebook Australia Pty Ltd (BTA). The Australian watchdog has made recommendations to improve BTA’s arrangements for governance, supervision and enforcement, and systems and controls, as well as to strengthen its arrangements so as to meet increasing regulatory and investor expectations of…

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ASIC office
October 23, 2019 BY Valentina Kirilova

ASIC suspends KP International Group Australia's AFS licence

Australian regulator ASIC has announced earlier today that it has suspended the Australian financial services (AFS) licence of Sydney-based financial services provider KP International Group Australia Pty Ltd (KP International) until 23 September 2020. According to the regulator, KP International did not adequately address systemic issues identified by the Financial Ombudsman Service (now Australian Financial…

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Australia cfh office
October 21, 2019 BY Valentina Kirilova

ESMA and ASIC to co-operate on Australian benchmarks

EU’s regulator for securities markets (ESMA) and Australia's regulator ASIC have announced earlier today that they have signed a Memorandum of Understanding (MoU) setting out cooperation arrangements in respect of Australian benchmarks. The EU Benchmarks Regulation (BMR) prescribes a European common framework to ensure the integrity and accuracy of benchmarks used in the EU. Earlier…

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asic afs license
September 11, 2019 BY Valentina Kirilova

Financial Options' AFS licence suspended until February 2020

Australian regulator announced earlier this week that it has suspended the Australian financial services (AFS) licence of Queensland-based financial services provider Financial Options Pty Ltd. The licence is suspended until 26 February 2020. According to the regulator, Financial Options was not meeting its obligations as an AFS licensee. The company has failed to have a dispute…

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