ASIC’s financial advice hub launched
The corporate regulator has launched its ‘Financial Advice Hub’ to provide guidance and information impacting financial advice licensees, advisers, and relevant stakeholders.
The Australian Securities and Investments Commission (ASIC) said the webpage followed feedback from stakeholders that said ASIC guidance was hard to find.
“This financial advice webpage consolidates ASIC’s existing regulatory content on financial advice into a single repository to help industry participants more easily find the information that is most relevant and useful to them,” it said.
The current topics and issues on the hub included:
- How ASIC regulated financial advice;
- Obligations when giving financial advice;
- Educational requirements;
- Running a financial advice business;
- ASIC guidance;
- Registers; and
- Connecting with industry.
ASIC noted the hub was part of a range of initiatives it had scheduled for release in response to calls to better assist advice licensees and advisers to help provide good-quality and affordable personal advice.
“ASIC anticipates that these new initiatives can help industry participants reduce compliance costs and deliver personal advice more efficiently and effectively,” it said.
“For consumers, this means improved access to affordable personal advice that better meets their needs and financial objectives.”
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