Search Result
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RG 132: Financial Services Compliance Systems For Wholesale Managed Funds
05 Aug 2020In July 2018 ASIC issued its Regulatory Guide 132: Funds Management: Compliance and Oversight (“RG 132”) which looks into what constitutes an effective and responsive compliance management system
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Retail vs Wholesale Clients – Regulatory Concerns and Responses
06 Sep 2025While there have been some changes to the wholesale client eligibility criteria since the FSR regime commenced in 2004, there has been little recent appetite from regulators or the Government for a mo
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Responsible Managers and the Key Person Condition – The Consequences
20 Jan 2021We have previously discussed what does it mean to be a Responsible Manager? To recap, Section 912A of the Corporations Act, which sets out the key obligations of an AFS Licensee, requires a license
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Responsible Lending Obligations to be Scrapped!
25 Sep 2020The Government has this morning announced major reforms to the National Consumer Credit regime including the scrapping of Responsible Lending Obligations (RLOs). Below is short summary of
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Regulatory Developments – All that you can’t leave behind
31 Jan 2020As you turned the corner into 2020, you might have been grateful to leave the events of 2019 behind you. But regulatory developments in 2019 will drive the agenda in 2020 and beyond. We asked our
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Regulation and risk collide: managing information as an AFS licensee
01 May 2023With the recent spate of data breaches now extending to the financial services industry, Australian financial services licensees are racing to ensure that their information management procedures are u
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QAR Tranche 1 – Fact Sheet
24 Sep 2024Date Topic Task Comment 10 July 2024 FSG relief Make FSG readily accessible on website and cease providing link and getting consent to sharing via link, when the only financial ser
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Pulling her punches? The Quality of Advice Review and Wholesale Clients
05 Apr 2023In recent years, there have been a number of reviews into various aspects of the regulation of the financial services industry. The wholesale client eligibility rules is one area that is a
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Protecting your AFSL from advisers who breach
04 Sep 2019Being able to sever ties with an adviser who is causing you to breach your AFSL obligations is an important consideration for licensees. AR agreements and internal auditors You should be sure that y
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Proposed Internal Dispute Resolution (IDR) Reporting Requirements
24 Nov 2017Since the Ramsay Review commenced in 2016, there has been significant progress toward a new framework for External Dispute Resolution (EDR) in Australia. The new framework will include the