Ezi milestone

financial-services-licence/australian-financial-services/australian-securities-and-investments-commission/

13 February 2008
| By George Liondis |

The Australian Securities and Investments Commission (ASIC) has granted an Australian Financial Services Licence (AFSL) to outsourced payment firm Ezi Payment Solutions.

To qualify for an AFSL the company had to meet several ASIC requirements, which included having company officers with a decade of financial services experience, employee training for staff giving advice and an external complaints and dispute resolution system, among others.

Commenting on the company’s licence, Ezi Payments Solutions chief John de Stefani said gaining ASIC recognition is a milestone for the company.

“The business underwent an extremely rigorous assessment with ASIC before the licence was granted and it was very satisfying to see our people and processes meet the high standards required to qualify for the Australian Financial Services Licence,” he said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 month 3 weeks ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 months 3 weeks ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 months 4 weeks ago

ASIC has canceled the AFSL of Sydney-based asset consultant and research firm....

3 weeks 5 days ago

ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments....

2 weeks ago

ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice....

1 week 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
moneymanagement logo