Smarter Compliance. Assess your risk appetite by participating in Assured Support’s 2023-2024 Risk Appetite Survey. This insightful tool, crafted for financial services professionals, assesses risk culture and preferences, offering practical guidance on aligning strategic objectives with risk boundaries. Participate now to contribute to collective insights and receive the final report. Open until 29 February 2024. #seemore
- AFSL Fundamentals
- Arrangements and systems
- Consumer Protection
- Development Team
- Financial Planning
- General Publication
- Hot 2020
- Law reform
- Leadership and Strategy
- Regulation and Governance
- Research and Marketing
- Research Team
- Risk Advice
- The Reviewers
- Your Advice
- Your People
Smarter Compliance: Navigate the complexities of regulating digital assets in Australia with Assured Support’s comprehensive guide. The article delves into the proposed regulatory framework, its implications for financial advisers, and how it aims to balance consumer protection with innovation. Stay ahead of the curve in this rapidly evolving landscape.
Smarter Compliance. It may be tempting for some Licensees to dismiss
Fee-for-No-Service (FFNS) issues as problems for institutional businesses
alone. The reality is quite different. Any business that receives fees or
payments for ongoing service has an obligation to provide those services.
This article outlines five (5) steps every Licensee should contemplate to
identify and address any FFNS issues in their business.
Smarter Compliance. Risk means different things to different people. In
this article, we try to provide a functional definition of risk, discuss
the advantages and disadvantages of assessing your “risk appetite” and
offer some practical advice. Risk is a significant part of financial
services. How should you deal with this risk, and what does risk itself
even mean? In this article, we’ll break it down and offer some practical
Smarter Compliance. One of the more significant weaknesses of training and
development programs for Responsible Managers and Compliance Professionals,
is that courses focus on articulating and re-articulating the law, instead
of testing participants’ knowledge and understanding of their obligations
and duties. In this three-hour face-to-face workshop, participants are
spared the usual lectures and, instead, are thrown in the deep end to apply
their knowledge and practical understanding to a business (other than their
own) in an open and non-judgemental environment. This is a work of fiction.
Any similarity to actual persons, living or dead, or actual events, is
Smart compliance people know that while it doesn’t matter why you want to
leave your current licensee, it’s significantly harder to do easily since
the Red October reforms. If you are determined to move to another licensee,
there are a few tasks you need to complete first. This article offers
practical and hard-won advice that will help you move on.
Smarter Compliance. We’ve repeatedly drawn attention to the need to secure
your client data. We’ve also frequently offered practical tips to help you
manage this obligation. Smart compliance people know that it’s an important
topic, so we’ve invited Greg Hansen of Austbrokers Countrywide, to provide
his perspective of cyber-insurance and its value.
Smarter compliance. Generally, the people that criticise ASIC’s passivity
and inaction have very little appreciation of ASIC’s enforcement action. We
often address key cases in long form articles, but to help you understand
the environment in which you’re operating (and broader perceptions of our
industry and conduct) we publish summaries of key enforcement actions (that
we often reference, and expand on, in our webinars). This post closes out
Smart compliance people understand that those that criticise ASIC’s
passivity and inaction have very little appreciation of ASIC’s enforcement
action. To help you understand the environment in which you’re operating we
publish summaries of ASIC enforcement actions (and often address these in
our webinars). This post covers July to September 2021.
Smart compliance people know that crypto-assets, like all shiny new things,
attract attention. In this article, we highlight ASIC’s recent publications
on crypto-assets and SMSF. They may not be groundbreaking, but they may
signal the regulator’s burgeoning interest in this area.