Seven licensees add new adviser roles

HFS’s director Colin Williams noted that those figures should be looked at very carefully as some of them might be backdated into 2020 since the licensees had 30 days to report their adviser movement.


RBI Directs Banks to Enhance Internal Audit Function

A minimum period of service for staff in the internal audit function should be specified by the Board, except for entities where the internal audit function is a specialised function and managed by career internal auditors.


ASIC cancels AFS licence of Halifax Investment Services

The joint hearing of the Federal Court of Australia and High Court of New Zealand seeking orders in relation to the distribution of client moneys held by Halifax commenced on 30 November 2020 and concluded on 9 December 2020.


Taiwan FSC Approves Banks for Second Phase of Open Banking

The seven banks included in phase two are South China Commercial Bank, Yuanta Commercial Bank, CTBC Bank, Mega International Commercial Bank, First Commercial Bank, Cathay United Bank, and Far Eastern International Bank.


Top accounting professional cited

A Certified Public Accountant, Marivic served various positions in the Philippine Institute of Certified Public Accountants (PICPA), including the 2017 Chairmanship of the Metro Manila Region and national director for several terms.