Privacy law deadline looms

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Advisers have until 12 March 2014 to ensure their privacy compliance measures meet new privacy principles. “The new Australian Privacy Principles require personal information to be handled in an open

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ASIC cracks down on websites and social media

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The Australian Securities and Investments Commission (ASIC) has recently cracked down on a number of financial services and credit businesses whose websites contain misleading content, according to The Fold Legal

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ASIC speeding up licensee complaints process

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Recent changes to Regulatory Guide 165 (RG165) mean Australian Financial Services Licensees (AFSL)s must now acknowledge client complaints immediately, regardless of the form in which they are given, and resolve

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ASIC set to burn the churn

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The Australian Securities and Investments Commission (ASIC) will analyse life company records in order to find advisers who churn, according to Claire Wivell Plater, Managing Director of The Fold Legal.

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Do you use a platform? You could be breaching the Best Interests Duty

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Recent guidance from the Australian Securities and Investments Commission (ASIC) confirms in no uncertain terms that the Best Interests Duty applies just as much, if not more, to platform recommendations

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Advisers personally liable for breaches of Best Interests Duty

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Employed advisers who are authorised representatives can be held personally liable for serious breaches of the Best Interests Duty and may face up to $200,000 in fines once Future of

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ASIC Guidance on asset-based fees a step too far

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  Part of ASIC’s guidance on conflicted remuneration has been taken a step too far, according to Claire Wivell Plater, managing director of The Fold. “Under the new guidance, if

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Hillary Ray comes into The Fold

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The Fold Legal (The Fold) is delighted to announce the appointment of Hillary Ray who joined the team in the capacity of Senior Lawyer this week. “Hillary is joining us

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