ASIC has suspended the Australian financial services (AFS) licence of JB Markets Pty Ltd (JB Markets) until 30 April 2024 for failing to: comply with the financial requirements of its AFS licence; and have adequate resources to provide the financial services covered by the licence and to carry out supervisory arrangements. The licence suspension means …
This is due to concerns that the Firm has failed to pay redress awarded to former members of the British Steel Pension Scheme by the Financial Ombudsman Service (FOS), and for failing to engage with us in an open and cooperative way. KBFS has failed to provide us with information requested about its financial position …
FCA places restrictions on KBFS Financial Limited Read More »
ASIC will look to take strong, targeted enforcement action in the coming months and into 2024, as part of its focus on member outcomes in the superannuation sector. The enforcement focus comes after ASIC’s enforcement and regulatory update highlighted ASIC’s work to protect consumers, including calling on banks to ensure better consumer outcomes and civil …
ASIC targets misconduct in superannuation sector Read More »
Name: Oceanicearners Address: 35 Ivor Place, Lower Ground, London, UNITED KINGDOM, NW16EA Email: [email protected], [email protected], [email protected]
Name: BTSE / www.btse.com Email: [email protected], [email protected], [email protected], [email protected], [email protected] Website: BTSE / www.btse.com Apps: BTSE: Buy & Sell Crypto Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or …
New nationwide research released by ASIC’s Moneysmart program today shows for seven in ten (68%) Gen Zs, finances are a major cause of concern, more than any other age group (57% of non-Gen Zs). Faced with rising cost of living, 82% of Aussie Gen Zs, representing Aussies aged 18 to 26 years old, feel financially …
Gen Z more concerned about finances than any generation in Australia Read More »
The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today published two amended Implementing Technical Standards (ITS) on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs), in accordance with the Capital Requirements Regulation (CRR) and the Solvency II Directive (Solvency II). The amendments reflect the …
On 25 October 2023, the Administrative Appeals Tribunal (AAT) varied ASIC’s decision to ban Mark Babbage from engaging in credit activities and providing financial services. The AAT upheld the scope of ASIC’s original ban, but varied the banning period from ten years to six years. ASIC had previously banned Mark Babbage for ten years following …
AAT amends ASIC banning order made against Mark Babbage Read More »
ASIC calls on organisations to prioritise their cyber security after its report into the cyber capability of corporate Australia identified significant gaps. The report summarises the results of ASIC’s recent cyber pulse survey. The results of the voluntary self-assessment survey have exposed deficiencies in cyber security risk management of critical cyber capabilities, indicating that organisations …
ASIC calls for greater organisational vigilance to combat cyber threats Read More »
ASIC has taken action against H.E.S.T. Australia Limited (HESTA), the trustee of HESTA superannuation fund, for alleged false or misleading statements made in their marketing material. HESTA paid $48,600 to comply with three infringement notices issued by ASIC regarding alleged false or misleading statements about its ‘Balanced Growth’ superannuation investment option. The statements referenced 10-year …
HESTA trustee pays infringement notices for misleading marketing Read More »
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