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