Financial services

ASIC's regulatory guidance on compliance with the financial services regime.

The Corporations Act 2001 imposes:

  • a single licensing regime for financial sales, advice and dealings in relation to financial products,
  • consistent and comparable financial product disclosure,
  • and a single authorisation procedure for financial exchanges and clearing and settlement facilities.

The regulatory framework covers a wide range of financial products including securities, derivatives, general and life insurance, superannuation, margin lending, carbon units, deposit accounts and means of payment facilities.

We have released regulatory guidance in relation to the Future of Financial Advice (FOFA) reforms. We are continuing to monitor the progress of the relevant regulations, in light of ongoing government review of these reforms.

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Fees for no service

Asic Logo Special Podcast 60X40

2 November 2016

Joanna Bird, Senior Executive Leader, Financial Advisers joins the podcast to discuss ASIC's recent Report 499, Financial advice: fees for no service.

Listen to the podcast 

 

Last updated: 09/12/2016 09:50