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Regulatory

Bank-owned advice firm requests ASIC extension

Highlighting the point ASIC chair James Shipton made about slow and delayed responses from Australia's financial institutions, a bank's financial advice subsidiary has sought an extension to complete a major report as part of its enforceable undertaking.

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Read more: CFPLEYASICEnforceable UndertakingfeesAustraliaJames ShiptonEUfinancial adviceCommonwealth Financial PlanningErnst & Young