ACP Advisory’s Post

ASIC Fund (own MIS), Securities, Responsible Entity License AFSL #136 For Sale   1. This licence authorises the licensee to carry on a financial services business to: (a) provide financial product advice for the following classes of financial products: (i) interests in managed investment schemes limited to: (A) own managed investment scheme only; and (ii) securities; (b) deal in a financial product by: (i) issuing, applying for, acquiring, varying or disposing of a financial product in respect of the following classes of financial products: (A) interests in managed investment schemes limited to: (1) own managed investment scheme only; and (B) securities; and (ii) applying for, acquiring, varying or disposing of a financial product on behalf of another person in respect of the following classes of products: (A) deposit and payment products limited to: (1) basic deposit products; (B) general insurance products; (C) interests in managed investment schemes excluding investor directed portfolio services; and (D) securities; and (c) operate the following kinds of registered managed investment schemes (including the holding of any incidental property) in its capacity as responsible entity: (i) “Property Fund” scheme (ARSN), (A) a scheme which only holds the following types of property: (1) direct real property; and (2) financial assets; to retail and wholesale clients.   1 key person, RM can stay Australian bank accounts No complaints No activity and client For more information, please contact info@acpadvisory.com https://lnkd.in/gPTaJvzn #afsl #afslforsale #australia #financialservices #financiallicense #ownmis #securities #managedinvestmentscheme #RMIS #responsibleentity #RE #propertyfund

ASIC Non-cash Payment, Fund, Securities License AFSL #133 For Sale   1. This licence authorises the licensee to carry on a financial services business to: (a) provide general financial product advice for the following classes of financial products: (i) deposit and payment products including: (A) basic deposit products; (B) deposit products other than basic deposit products; and (C) non-cash payment products; (ii) general insurance products; (iii) interests in managed investment schemes including: (A) investor directed portfolio services; and (iv) securities; and   (b) deal in a financial product by: (i) issuing, applying for, acquiring, varying or disposing of a financial product in respect of the following classes of financial products: (A) deposit and payment products limited to: (1) non-cash payment products; and (ii) applying for, acquiring, varying or disposing of a financial product on behalf of another person in respect of the following classes of products: (A) deposit and payment products including: (1) basic deposit products; (2) deposit products other than basic deposit products; and (3) non-cash payment products; (B) general insurance products; (C) interests in managed investment schemes including: (1) investor directed portfolio services; and (D) securities; to retail and wholesale clients.   2 RM can stay Australian bank accounts No complaints No activity and clients For more information, please contact info@acpadvisory.com https://lnkd.in/gCAa4zEi #afslforsale #afsl #noncashpayment #australia #financialservices #financiallicense #fundlicense #managedinvestmentscheme #securities

📢 ASIC vs. Swoosh: Key Compliance Lessons for Lenders 📢 ASIC's action against Swoosh Finance for alleged breaches of responsible lending and DDO underscores the need for rigorous financial assessments and regular TMD reviews. Lenders must ensure their products are suitable and not causing financial distress, and must ensure their compliance frameworks meet regulatory standards. For more information about these proceedings, read the full article on our website. #ResponsibleLending #ASIC #DDO #HindsightLegalAdvisers

What is the most challenging part of my job⁉️ The most challenging part of my job is managing client expectations. With the industry we’re in, we’re the middleman between a lot of transactions. Unless we’re CMHC financing, we can only control what the bank tells us, which is a hard position for both the clients and us to be in.  The way I deal with this is giving longer timelines. This way, if we achieve it faster, we’ve outpaced the expectation and people are happy!  The hard part is you are balancing a lot of partners in the transaction, and you have to provide an expectation that’s realistic to hit. If you achieve it, you’re great; If you overachieve it, you’re even better!🏆 Agent #M22001651 | License # 12360 

Securing reliable payment guarantees is essential for smooth international transactions. At Credit Glorious, we provide customized Letter of Credit solutions tailored to businesses' unique needs.Our LC services ensure seamless trade transactions and foster confidence in global business dealings. Here is how your business can benefit from this service: - Secure International Transactions: Letters of Credit provide a secure method for conducting international trade, ensuring that both buyers and sellers fulfill their obligations. - Risk Mitigation: By acting as a guarantee, LCs mitigate the risk of non-payment or delivery defaults, providing assurance to parties involved in the transaction. - Protects Against Fraud: LCs include strict documentation requirements, reducing the risk of fraud and enhancing security in trade transactions. - Promotes Trust and Confidence: LCs foster trust between parties by providing a reliable mechanism for ensuring payment and delivery, thus facilitating more efficient trade transactions. Learn more about Letters of Credit and how Credit Glorious can help you here – https://lnkd.in/dEEtXeu6 #businessgrowth #FinancialTools #letterofcredit #bankguarantee #Investment #Loan #GlobalBusiness

Oxford Commercial Finance does more than Asset-Based lending, we also excel at Factoring and AR Purchase transactions. To make sure we get the word out, OCF is incentivizing brokers with higher commission rates for Factoring and AR Purchase transactions closed between November 2024 and April 2025. Want to know more? Contact me at rbarrett@oxfordbank.bank today to learn more. #factoring #cashflow #assetbasedlendng

The Ownership Structure Compliance Roadmap for Commercial Banks https://ift.tt/gFaGoEk The deadline for finalizing the list is June 30, 2024. This Circular regulates the process for commercial banks (except those under special control) with shareholders, including related parties, who hold shares exceeding the ratio specified in Article 55 of the Law on Credit Institutions No. 47/2010/QH12, which has been amended and supplemented by certain articles in Law No. 17/2017/QH14 (hereinafter referred to as “shareholding exceeding the ratio”). It outlines the development and implementation of a roadmap to ensure compliance with the provisions of the Law on Credit Institutions No. 32/2024/QH15 (hereinafter referred to as the “Compliance Roadmap”). This Circular applies to shareholders, including related parties, who hold shares exceeding the ratio, as well as commercial banks with such shareholders (hereinafter referred to as “commercial banks”). Timeline and Development of the Compliance Roadmap According to the provisions of this Circular, the timeline for the Compliance Roadmap shall be determined by the commercial bank in collaboration with the shareholders, including related parties, who hold shares exceeding the ratio. The timeline must align with the restructuring plan/scheme of the shareholders and related parties or with the decisions/documents approved by the competent authority of the shareholders and related parties (if any). Commercial banks shall identify the list of shareholders, including related parties, who hold shares exceeding the ratio, based on the provisions of Clause 28, Article 4, and Article 55 of the Law on Credit Institutions No. 47/2010/QH12, which has been amended and supplemented by certain articles in Law No. 17/2017/QH14. The deadline for finalizing the list is June 30, 2024. Commercial banks with shareholders, including related parties, who hold shares exceeding the ratio, shall collaborate with these shareholders to develop a roadmap to comply with the shareholding ratio specified in Article 55 of the Law on Credit Institutions No. 47/2010/QH12, as amended and supplemented by certain articles in Law No. 17/2017/QH14. The Compliance Roadmap of the commercial bank must include, at a minimum, the following contents: A list of shareholders, including related parties, currently holding shares exceeding the ratio, including the following information: For individuals: Full name; personal identification number, date of issue, place of issue, place of permanent residence, current address (if different from the permanent residence), date of birth for Vietnamese citizens; nationality, passport number, date of issue, place of issue, place of temporary residence in Vietnam, current address (if different from the temporary residence) for foreign individuals; information on the number and ratio of shares and contributed capital held in the chartered capital of the commercial bank (including shares and...

SHEUMACK GMA - Midweek TCA Flash This SGMA TCA analyzes Synchrony Financial's (NYSE: SYF) recent acquisition of Ally Lending, the point-of-sale financing business of Ally Financial Inc. (NYSE: ALLY). As POS lending rapidly grows its presence in the specialty finance sector, leading market participants are increasing seeking this product capability amidst an attractive consumer lending environment. With consumer delinquencies steadily rising in recent quarters, and as regulators continue to require bank holding companies (BHC) to address key risks in the near term, large BHCs such as Ally (23rd largest U.S. BHC based on consolidated total assets of ~$196B as of 12/31/2023) are selling higher risk (unsecured) loan portfolio to specialty finance specialists at an increasing rate. Connect with an SGMA team member for further insights and perspectives relating to this transaction.

LCS0006 / Type 4 & 9 / HK$2.4M + NAV(~HK$2.4M) / Insurance + securities dual license company for sale Seize this golden opportunity to acquire a prestigious Hong Kong SFC Type 4 and Type 9 licensed corporation! 🔑 Key Highlights: Dual SFC licenses: Type 4 (Advising on Securities) & Type 9 (Asset Management. The type 9 licensee shall not provide a service of managing a portfolio of futures contracts for another person and conduct business involving the discretionary management of any collective investment scheme.) Exceptional compliance record – No disciplinary actions or legal disputes Established clientele: Financial services for Hong Kong ex-pats Steady monthly income: HK$80,000/month Reasonable expenses: HK$25,000/month + IFA comms Bonus: Insurance broker license included! 💰 Attractive Pricing: Selling price: HK$2.4M + Net Asset Value (Around HK$2.4M) Paid-up capital available 🏢 Business Structure: Belize-incorporated company 2 Responsible Officers (negotiable retention) Clear ownership: 100% held by a natural person 🚀 Growth Potential: Expandable client base Dual-license advantage in financial services Don’t miss this chance to own a turnkey financial services company in Asia’s premier financial hub! Contact us now for more details. 📩 For more information or to engage the seller, please WhatsApp 93472064. Paradox Management Limited represents the seller, and the price shown includes Paradox commissions. Please note: The above details are only for reference and may differ from those of the company. Please treat them with caution.

The Credit Card Competition Act of 2023 (“CCCA”) is proposed legislation that would “amend the Electronic Fund Transfer Act to require the Board of Governors of the Federal Reserve system to prescribe regulations relating to network competition in credit card transactions, and for other purposes.” In this CPI Column, authors Ling Ling Ang, Alan Grant & Peter Traber (NERA) considered the potential economic impacts of the CCCA, drawing on two-sided markets economic literature... #ANTITRUST #competitionlaw #creditacrds #ccca #electronictransfers