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Showing 1 - 10 of 23 results for %22Reference Checking%22

ASIC outlines approach to reforms amid uncertainty

JAMIE WILLIAMSON  |  FRIDAY, 13 AUG 2021
... for the several reforms taking effect in the first week of October. From October 1, new laws around adviser reference checking and information sharing requirements will take effect, as will new breach reporting obligations. From October 5, the industry ...

De Gori to leave FPA

JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
... ASIC funding levy, something that has increased more than 340% in recent years, and called for changes to the reference checking regime for financial advisers to be expanded to all entities providing advice. FPA chair Marisa Broome said De Gori has always ...

ASIC prepares licensees for reference checks

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
ASIC released more information on what financial advisers can expect from the new reference checking laws, which take effect on October 1. New protocols administered by ASIC requires a licensee recruiting a prospective financial adviser to request a ...

FPA calls for levy overhaul

ANNABELLE DICKSON  |  WEDNESDAY, 3 FEB 2021
... process in its submissions to ASIC for Consultation Paper 333 Implementing the Royal Commission recommendations: Reference checking and information sharing.

Reference checks should cover all advice: FPA

KARREN VERGARA  |  MONDAY, 1 FEB 2021
... Australia. In its submission to ASIC for Consultation Paper 333 Implementing the Royal Commission recommendations: Reference checking and information sharing, the FPA is calling for the proposed laws to extend to directors, management and responsible ...

Financial adviser reference checks under scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
ASIC has released a consultation paper seeking feedback on reference checking protocols for financial advisers and mortgage brokers. Requiring financial advisers to have reference checks was one of the recommendations to come out of the Royal Commission. ...

Banned advisers still working in advice: FPA

ELIZABETH MCARTHUR  |  MONDAY, 9 MAR 2020
... to be conducted. The FPA has released its submission on the proposed legislation, in which it suggests the reference checking should go further than just looking at those financial advisers giving personal advice. "The FPA has clear examples of financial ...

Peak bodies respond to government roadmap

KRISTI CHENG  |  TUESDAY, 20 AUG 2019
... looking forward to working on the implementation of ending grandfathered commissions for financial advisers; reference checking and information sharing for financial advisers; enforceable code provisions for industry codes of conduct; and application ...

FCA hits Goldman Sachs over reporting failures

HARRISON WORLEY  |  FRIDAY, 5 APR 2019
... effectively. "These failings related to aspects of GSI's change management processes, its maintenance of the counterparty reference data used in its reporting and how it tested whether all the transactions it reported to the FCA were accurate and complete," ...

AFSL reference checking protocols required

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... to communicate the background of advisers. As such, compliance with the Australian Banking Association's reference checking protocols should be mandatory for all advice licensees, the Royal Commission has said. In the final report, Commissioner Hayne ...
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