Tag: ASIC

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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asic afs license
September 04, 2019 BY Valentina Kirilova

ASIC cancels Platinum Perpetual Global Private Wealth's AFS licence

Australian regulator ASIC announced earlier today that it has cancelled the Australian financial services (AFS) licence of the company Platinum Perpetual Global Private Wealth Pty Ltd, based in Perth (AFSL 508415). The AFS licence was cancelled at the request of the company, following a separate action brought by Western Australian Police Force (WAPF), which has…

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