IFSA leads delegation to Hong Kong
Richard Gilbert
The Investment and Financial Services Association (IFSA) is leading a financial services delegation to Hong Kong in September.
Government, Treasury and Austrade officials will be part of the delegation. The group hopes to establish closer relations with the Hong Kong financial services industry and extend their industry and regulatory relationships.
IFSA chief executive Richard Gilbert said: “This delegation follows on from the important mutual recognition agreement reached between the Australian Securities and Investments Commission and the Hong Kong Securities and Futures Commission.
“It is now up to the industry to make the most of the opportunities that have been created through the agreement. IFSA members look forward to working collaboratively and successfully with the Hong Kong industry and regulators as we seek to jointly maximise the benefits of the agreement.”
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
