Our Experience and Expertise with Responsible Managers

We have worked with hundreds of Responsible Managers, both for Australian Financial Services Licences (AFSLs) and  Australian Credit Licences (ACLs), since licensing was introduced in 2004.  Our Licensing Team is headed by an ex-ASIC senior manager who oversaw the ASIC Licensing Team for the final 15 years of his time there.

We know the ins and outs of ASIC Regulatory Guide 105 (for AFSLs), and ASIC Regulatory Guide 206 (for ACLs), which looks at the organisational competency and skills, particularly focusing on the importance of a licensee’s Responsible Manager.

Legal Services & Support for Responsible Managers

We support Responsible Managers of AFSLs and ACLs through:

• Responsible Manager workshops and webinars
• Quarterly forums for different industry groups
• Regulatory updates through our Tailored Regulatory Exchange (T-REX)
• Compliance manual/procedure templates

We are also able to provide Responsible Managers with a way to access regulatory and compliance support through our HN Hub.

On top of our compliance support offerings through our Hub, we also provide legal services for Responsible Managers and Licensees through our law firm, Holley Nethercote Lawyers (liability limited by a scheme approved under Professional Standards Legislation).

Some of these legal services include:

• Assistance with regulatory action
• Credit assistance with the National Consumer Credit Protection Act, National Credit Code, ASIC Act and other regulatory obligations advice
• Preparing, amending, interpreting and advising on authorised representative agreements
• Financial crime including AML/CTF
• Developing and advising on corporate governance structures
• Designing or providing legal “sign off” on Credit Guides, Financial Services Guides and other disclosure documents
• Attendance at compliance committee meetings
• Other business law services