ASIC consults on enhancements to training standards

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ASIC yesterday released a consultation paper proposing enhancements to the training standards for people who provide financial product advice. Consultation Paper 212 Licensing: Training of financial product advisers – Updates to

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ASIC to launch tools for first time financial decisions

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The Australian Securities and Investments Commission (ASIC) will launch today new tools to help 16 – 25 year olds keep their finances in check. ASIC’s MoneySmart Rookie education initiative aims

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ASIC urges licensees to review and improve recruitment of new advisers

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ASIC has warned financial services licensees to ensure they have robust recruitment processes in place when appointing representatives who have worked for a business ASIC has taken action against. The

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ASIC health check on capital protected products

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ASIC has released a health check of the Australian market for unlisted retail structured products promoted as having capital protection or a capital guarantee. Key points: Capital protection or capital guarantee

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Maintaining a healthy SMSF sector – Improving the quality of advice

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ASIC has released Report 337 SMSFs: Improving the quality of advice given to investors. The report summarises the findings from the first major project undertaken by ASIC’s Self-managed superannuation fund

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ASIC consults on managed discretionary accounts

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ASIC has announced it is reviewing its guidance and regulation of managed discretionary accounts (MDAs). Consultation Paper 200 Managed discretionary accounts: Updates to RG 179 (CP 200) outlines proposed changes to

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ASIC releases guidance on FOFA fee disclosure

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ASIC has released guidance for Australian financial services (AFS) licensees and their representatives on how to comply with the fee disclosure statement (FDS) requirements under the Future of Financial Advice (FOFA)

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ASIC releases guidance to improve the quality and reliability of investment research

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ASIC has released updated policy guidance to improve the quality and reliability of research reports. Regulatory Guide 79 Research report providers: Improving the quality of investment research (RG 79) has

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ASIC consults on code approval under FOFA

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ASIC has released a consultation paper on its approach to code approval and relief powers under the Future of Financial Advice (FOFA) reforms. ASIC also confirmed that it will be

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ASIC releases information about reporting misconduct

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ASIC has released information about its approach to handling tip-offs, complaints, information of concern and reports of misconduct, to assist the public. Each year, ASIC receives over 20,000 reports of misconduct

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