AFSL trends you should be paying attention toBY RYAN GOODFELLOW | FRIDAY, 1 FEB 2019 3:34PM It would be an understatement to say that 2018 was challenging for AFSL holders and financial advisers. Unfortunately, 2019 isn't shaping up to be much better. FASEA and the Royal ... Upgrade your subscription to access this article
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Having been a director of 2 RE's with an AFSL I am fully aware of the requirements in meeting ASICs regulations. The system with ASIC seems to be rather ad hoc. some AFSL holders are bombarded with petty questions while those with a higher level of funds (products) under management are left a little to their own devices. The costs of managing these AFSL's is prohibitive, I still am a compliance committee member to a few AFSL RE's . But they are struggling under the weight and cost of the additional regulations.