All Articles tagged with 'The Fold Legal'

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Licensees: Beware risks and responsibilities of offering temporary home to equity based crowdfunding platforms

From The Fold Legal

Equity based crowdfunding platforms may look to existing Australian Financial Services Licensees (AFSLs) for a ‘temporary home’ until they can get their own licence or expected regulatory changes become law,

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08 Oct 2014

Licensee Breaches: When in doubt, report

From The Fold Legal

The Australian Securities and Investments Commission (ASIC) is reminding Australian Financial Services (AFS) licensees that significant or likely breaches of their obligations must be notified within 10 days. Managing Director

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19 Sep 2014

Advisers and accountants completing SMSF lenders advice certificates may be breaching the law

From The Fold Legal

Financial advisers and accountants who provide certificates for limited recourse borrowing arrangements may inadvertently provide credit advice in breach of the National Consumer Credit Protection Act 2009 and for which

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10 Sep 2014

IMAP Believes ASIC ruling will promote development of Managed Accounts

From IMAP - Institute of Managed Account Providers

Will substantially reduce the compliance burden for advisers re MDAs The Institute of Managed Account Providers (IMAP) has welcomed ASIC clarifying its interpretation of the circumstances in which an SMSF

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14 Aug 2014

A sophisticated client – there’s no such thing

From The Fold Legal

Advisers sometimes refer to their clients as sophisticated clients, but this term is often misunderstood according to The Fold Legal. Senior Lawyer at The Fold Legal, Lesley Thorne says there

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01 Jul 2014

July 1 is FoFA D-Day for Advisers: are you sorted?

From The Fold Legal

The Future of Financial Advice (FoFA) deadlines are upon us and financial advisers should by now have taken several steps to ensure they meet their new obligations, according to the

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30 Jun 2014

How Many Licences Are Enough?

From The Fold Legal

Many financial services businesses offer services through a number of different entities, sometimes supported by a service company – but this does not necessarily mean each of the entities needs

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28 May 2014

ASIC targets add-on insurance

From The Fold Legal

Ancillary or ‘add-on’ insurance, sold at the point of sale, is a new focus for ASIC in 2014, with all businesses selling general or life insurance, or offering credit as

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09 May 2014

Opportunity for advisers in Limited MDA Platforms

From The Fold Legal

With the Australian Securities and Investments Commission (ASIC)’s 2013 proposal to change requirements around limited managed discretionary account (MDA) platforms appearing to be on hold for some considerable time, the

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02 May 2014

General Advice – Are you tempted?

From The Fold Legal

The removal of the ban on conflicted remuneration for general advice in the proposed changes to the Future of Financial Advice (FoFA) legislation may provide new opportunities for financial advice

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04 Mar 2014

Earn CPD Points

CPD: The Two-Chapter retirement – a framework for understanding retiree psychology
Introduction Why do financially secure retirees still hesitate to spend, or commit to strategies that would clearly improve their outcomes? This article sets out the Two-Chapter Retirement framework, a new [...]
CPD: China’s next phase – what persistent supply-side growth means for global markets
China’s economic trajectory is shifting, but not in the way many had once expected. Consumption-led rebalancing has not materialised. Instead, economic policy continues to emphasise industrial modernisation, aligned with a [...]
CPD: Ethics and client best interests
In financial advice, acting in a client’s best interest isn’t just a regulatory rule, it’s the foundation of a trusting, successful partnership. This article, proudly sponsored by GSFM, examines the [...]
CPD: Capitalising on global growth in the decarbonisation era
Few themes rival the scale, urgency and long-term significance of climate change. Consequently, regions, countries, companies and individuals are taking positive action to decarbonise the planet and work toward net [...]
CPD: Decoding the compliance signals within AFCA’s Lead Decisions
Introduction In February 2026, the Australian Financial Complaints Authority (AFCA), reached a significant milestone when it issued its 1,000th Dixon Advisory determination[1]. Up until that point, this represented the single [...]