FSCP appointees need to understand context of advice : vimar

FSCP appointees need to understand context of advice


It also said the issue of product failure should be recognised of the product issuer, not advisers, assuming all reasonable due diligence was carried out.
Research houses and the Australian Securities Investments Commission (ASIC) should also take responsibility for the issue of documents such as product profiles and product disclosure statements of product providers.
It also wanted the role of the licensee in providing administration and compliance assistance to be recognised and utilised to assist in reducing compliance costs that were ultimately passed on to clients.
The streamlined regulatory function should also not lose the current expertise required to support a major transition period in the industry, while also recognising the way advice services were delivered.

Related Keywords

Australia , Australian , Peter Johnston , Financial Services , Royal Commission , Financial Sector Reform Hayne Royal Commission Response , Credit Panel , Association Of Independently Owned Financial Professionals , Australian Securities Investments Commission , Independently Owned Financial Professionals , Financial Sector Reform , Hayne Royal Commission Response , ஆஸ்திரேலியா , ஆஸ்திரேலிய , பீட்டர் ஜான்ஸ்டன் , நிதி சேவைகள் , அரச தரகு , நிதி துறை சீர்திருத்தம் ஹேன் அரச தரகு பதில் , கடன் குழு , சங்கம் ஆஃப் சுதந்திரமாக ஓஂட் நிதி ப்ரொஃபெஶநல்ஸ் , ஆஸ்திரேலிய பத்திரங்கள் முதலீடுகள் தரகு , சுதந்திரமாக ஓஂட் நிதி ப்ரொஃபெஶநல்ஸ் , நிதி துறை சீர்திருத்தம் , ஹேன் அரச தரகு பதில் ,

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