October 27, 2019 / 10:30 PM / 25 days ago

Australian financial regulator imposes additional conditions on IOOF unit

Oct 28 (Reuters) - Australia’s financial regulator said on Monday it has imposed additional licence conditions on the investment services unit of wealth manager IOOF Holdings Ltd .

The Australian Securities and Investments Commission (ASIC)said the extra conditions IOOF Investment Services Ltd related to governance, structure and compliance arrangements.

The changes were part of a broader restructure of the IOOF group, ASIC said.

Reporting by Ambar Warrick in Bengaluru; editing by Jane Wardell

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