CP 254 Regulating digital financial product advice

Released 21 March 2016. Comments due 16 May 2016

This consultation paper sets out ASIC’s proposed approach to the regulation of digital financial advice in Australia.

We are seeking the views of Australian financial services (AFS) licensees and their representatives who provide financial product advice to retail clients, and other interested parties.

Specifically, we are seeking feedback on our proposals relating to:

  • how the organisational competence obligation applies to AFS licensees in a digital advice context; and
  • how AFS licensees should monitor and test the algorithms underpinning digital advice.

We have set out our proposed guidance in the draft regulatory guide attached to this paper.

Download:

CP 254 (PDF 244KB)

Final RG 255

Report on submissions REP 490

 

Last updated: 30/08/2016 11:31