Aggregated News From Investment Management Regulators

ASIC issues no-action position in relation to ongoing fee arrangement obligations for Victorian financial advice businesses

Report/Flag

Please complete the required fields.



ASIC acknowledges that due to COVID-19 restrictions, some financial advice businesses in Victoria may find it difficult to comply with the fee disclosure statement (FDS) and renewal notice obligations.

To assist affected financial advice businesses, ASIC has issued a no-action position in relation to these obligations. ASIC does not intend to take regulatory action against an Australian financial services (AFS) licensee or their representative for a breach of sections 962G, 962K and 962S of the Corporations Act in certain circumstances.

This no-action position applies to AFS licensees or representatives where their entire business or a substantial part of it is located in Victoria.

For more information, visit COVID-19 information for financial advisers and advice licensees.

Source link

Regulator Information

Abbreviation: ASIC
Jurisdiction: Australia

Recent Articles

SEC Issues Whistleblower Awards Totaling Nearly $5.3 Million

The Securities and Exchange Commission today announced awards of nearly $5.3 million to whistleblowers who provided information and assistance in separate enforcement proceedings.

HQ Trade

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

searchinvestments-uk.com

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

highestfixedrates.com

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

Top Bonds and Savings

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

Get the latest from Regulatory.News in your inbox!

×