The Financial Services Council has updated its design and distribution obligations template for fund managers in line with concerns raised by ASIC about the initial regim...

With ASIC playing a role in interpreting the law through materials like regulatory guides and in part enforcing the law through stop orders, a panel has questioned if the...

ASIC has outlined the most common mistakes made by funds when creating their target market determinations as well as how many products have been withdrawn from the market...

ASIC has issued interim stop orders on three BT funds run by Advance Asset Management for DDO failings....

Moving to Letters of Advice, abolishing safe harbour steps to comply with best interest duty and indexing the wholesale assets test are among proposals made by the Financ...

The ability to access free online information about financial services law should be a priority for the Government before any reform of the Corporations Act, the Financia...

Mounting regulation is turning advisers into “admin assistants with Government records” and Government intervention is needed to maintain limited licensees in the industr...

The Financial Services Council has announced a collaborative work with members across the financial services industry to design templates to help enable the implementatio...

The new tool will aim to provide ability target market determinations, ahead of the design and distribution obligations legislation. ...

The Australian Securities and Investments Commission will regard personal advice entailing client best interests as obviating many of the adviser strictures of the new de...

The Financial Services Council has welcomed new legislation aimed to provide more protection for consumers from poor financial products....

Industry Super Australia has objected to exempting personal financial advice from product design and distribution obligations, arguing planners need to be held responsibl...

The Law Council of Australia has urged the Government that it needs to amend proposed new financial product design and distribution laws to exclude intervention in produc...

Industry Super Australia has accused the Government of caving into the retail banks and the wealth management sector in allowing ‘carve-outs’ from the design and distribu...