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Showing 1 - 10 of 100+ results for "Regulatory Guide"

IDII pitfalls advisers should avoid

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
... objectives and needs and that the recommendation must be reasonable in the client's relevant circumstances." ASIC's Regulatory Guide 175 emphasises the importance of undertaking an investigation into clients' relevant circumstances, along with analysing ...

Super funds not ready for IDR

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
... requirements," ASIC reported. Funds have work to do on applying an expanded definition of 'complaint', under the new regulatory guide, too. ASIC also said more work is needed to implement the new maximum timeframes for IDR responses. ASIC's survey found ...

YFYS test results not a fair representation: Frontier

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 SEP 2021
... line', while others have missed out by very thin margins. In a note to clients, Frontier pointed out that in ASIC Regulatory Guide 53 the regulator states: "Good past performance seems to be, at best, a weak and unreliable predictor of future good performance ...

ASIC spells out IDR reporting

ANNABELLE DICKSON  |  TUESDAY, 20 JUL 2021
... including for the reporting of IDR data. Last July, the new IDR standards and requirements were published in Regulatory Guide 271 Internal dispute resolution (RG 271) and come into effect on October 5. Under it, efficient complaints handling became an ...

ASIC releases ongoing fee obligations guidance

KARREN VERGARA  |  WEDNESDAY, 16 JUN 2021
... for shorter, simpler, and more user-friendly regulatory guidance from ASIC. As a result, INFO 256 will replace Regulatory Guide 245 Fee disclosure statements, which will be withdrawn," ASIC said. Senator Jane Hume announced last week that advisers will ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
... would not be covered under the legislation. In December 2020, ASIC released a consultation paper on updating its regulatory guide in relation to consumer remediation. At the time, the regulator was monitoring over 100 remediations that could see $3.55 ...

Iress to deliver DDO solution

ANNABELLE DICKSON  |  TUESDAY, 2 MAR 2021
... Kingdom and Europe through the MiFID II legislation," Blomfield said. The solution comes after ASIC released its regulatory guide on DDO in December following consultation and engagement with the industry.

Design, distribution obligations guide released

KARREN VERGARA  |  FRIDAY, 11 DEC 2020
The regulatory guide on product design and distribution obligations for the financial services industry has been released. ASIC's RG 274 Product design and distribution obligations aims to help consumers obtain appropriate financial products by ...

ASIC consults on consumer remediation

ELIZABETH MCARTHUR  |  THURSDAY, 3 DEC 2020
ASIC has released a consultation paper to update the regulatory guide on client review and remediation conducted by financial advice licensees. Regulatory Guide 256: Client review and remediation conducted by advice licensees will be clarified through ...

Australian Sustainable Finance Initiative launches

RACHEL ALEMBAKIS  |  TUESDAY, 24 NOV 2020
... ensure financial advisers consider sustainability preferences of consumers, for ASIC to consider strengthening its Regulatory Guide to facilitate meaningful disclosures on ESG and ethical considerations in investment products, and for super funds to ...
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