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In a landmark case for ASIC, the Federal Court has ordered Mercer Superannuation (Australia) Limited to pay a $11.3 million penalty after it admitted it made misleading statements about the sustainable nature and characteristics of some of its superannuation investment options. ASIC Deputy Chair Sarah Court said, ‘This was ASIC’s first greenwashing case brought before …

ASIC’s first greenwashing case results in landmark $11.3 million penalty for Mercer Read More »

Name: alphawavetrade Ltd (www.alphawavetrade.com) Address: Meadow Vale, Marlow, Buckinghamshire, UNITED KINGDOM, SL7 16 Hoxton Street, Islington, London, UNITED KINGDOM, N1 5LG Email: [email protected] Website: www.alphawavetrade.com 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 …

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The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published the new quarterly liquidity assessment of bonds and the data for the quarterly systematic internaliser calculations for equity, equity-like instruments, bonds and for other non-equity instruments under MiFID II and MiFIR. As indicated in the public statement of …

ESMA publishes data for quarterly bond liquidity assessment and the systematic internaliser calculations Read More »

On 24 July 2024, Lonsdale Insurance Brokers Limited (Lonsdale) entered creditors’ voluntary liquidation. Neil Bennett and Alex Cadwallader of Leonard Curtis were appointed as joint liquidators. Lonsdale is an FCA-authorised Lloyd’s wholesale insurance broker. The firm placed commercial business (such as property and casualty, surety bonds, warranties and reinsurance) with insurance carriers on behalf of …

Lonsdale Insurance Brokers Limited enters liquidation Read More »

ASIC has suspended the Australian financial services (AFS) licence of Id Funds Management Limited (Id Funds) until 28 February 2025. The licence was suspended on the basis that Id Funds failed to meet its statutory audit and financial reporting lodgment obligations for the financial years ending 30 June 2022 and 30 June 2023. ASIC will …

ASIC suspends AFS licence of Id Funds Management Limited Read More »

ASIC is extending for a further 12 months the transitional relief for foreign financial services providers (FFSPs) from the requirement to hold an Australian financial services (AFS) licence when providing financial services to Australian wholesale clients. The current transitional arrangements for ASIC’s sufficient equivalence relief and limited connection relief were due to expire on 31 …

ASIC further extends transitional relief for foreign financial services providers Read More »