Being a Responsible Manager is not easy. As the industry continues to grow and adapt, it is crucial for managers to stay informed and make informed decisions that benefit their licensee and satisfy regulators and stakeholders. Read more

The Australian Securities and Investments Commission (ASIC) recently updated its guidance on the breach reporting regime, with several amendments to Regulatory Guide 78: Breach reporting by AFS licensees and credit licensees (RG 78). Read more

With the recent spate of data breaches now extending to the financial services industry, Australian financial services licensees are racing to ensure that their information management procedures are up to scratch, fearing that they may be the next business ... Read more

Our financial landscape is changing. Young Australians are using new payment methods such as Buy-Now Pay-Later to manage their cash flow instead of credit. Read more

There is no shortage of stories expressing confusion and bewilderment during (and after) the 2021-22 transition year when it comes to Ongoing Fee Arrangements. Read more

The responsible manager (RM) is one of the most important positions that an Australian Financial Services (AFS) Licensee has to maintain. The RM is the person-or more likely, persons-who demonstrates the organisation's competence and is ultimately responsible ... Read more

If you believe Michelle Levy, the best interests duty is an unnecessary and burdensome imposition on advisers and one that provides little benefit to consumers. In reality, it is a necessary and desirable component of professional practice. Read more

Providing a client with the necessary disclosures in cases where time critical advice is required can be likened to a rush hour drive-through order. The hungry customer orders and is served up the 'essential' beef burger patties immediately, but follows ... Read more

Let us take a look at whether, as the Responsible Manager of an AFSL, you really need to do RM training and what drives the answer to that question. Read more

ASIC has published Information Sheet 269 Discussing financial products and services online (Information Sheet 269), flagging three key areas social media influencers and AFS licence holders who use influencers need to be aware of. Read more