Tag: Australian financial services (AFS)

July 02, 2024 BY Elizabeth Anderson

ASIC Calls On Financial Services To Update Records About Their Advisers

In its media release, ASIC said some issues related to qualifications and training courses where an 'approved' box was wrongly ticked. Errors included qualifications not lining up with the course descriptions, some marked as qualifications were professional designations, and others were bridging courses and not qualifications per se. Don’t miss out the latest news, subscribe…

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August 04, 2016 BY Valentina Kirilova

ASIC cancels licence of Pacific Millennium International Investment Group Pty Ltd

Australia financial regulator ASIC has cancelled the Australian financial services (AFS) licence of Pacific Millennium International Investment Group Pty Ltd (PMIIG) after it was found to have breached the obligations of a financial services licensee. PMIIG was authorised under its AFS licence to provide general financial advice and dealing services to wholesale clients, among other…

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July 26, 2016 BY Valentina Kirilova

ASIC cancels AFS licence for failing to lodge financial statements

More to come from ASIC today. The Australian regulator has cancelled the Australian financial services (AFS) licence of Sydney-based Edwards Benefits Advisors Pty Ltd (Edwards Benefits) for failing to comply with a number of key obligations as a financial services licensee. In particular, ASIC found that Edwards Benefits: • failed to lodge financial statements, auditors…

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