An Australian Financial Services Licence, or AFSL, is a legal licence provided by the Australian Securities and Investments Commission (ASIC). Certain businesses in the country’s financial services industry are required to have an AFSL, depending on the type of financial products or services they provide. […]
Amanda Mark features in this recent article published in the Financial Standard on Australia's Treasury is review of the regulations for managed investment schemes (MIS), potentially raising the financial threshold for "sophisticated investors". Financial Standards Feature Wholesale investor reforms Vol22No6 April 8, 2024
Amanda Mark from MIntegrity goes in-depth with Laurence Parker-Brown from The Inside Network on helping the advice industry navigate the regulatory risk landscape. https://www.youtube.com/watch?v=7KW-sC2i4Aw
Compliance might sound complicated, but it doesn’t have to be. For many small licensees in the financial services sector, meeting regulatory requirements is a big concern. Often, these businesses see compliance as an expensive overhead and think they need to have long and detailed compliance policies like larger companies do. However, these fancy frameworks can [...]
The world of financial services is rarely static. Changes may be thrust upon us whether we want them or not — and that can be both exciting and daunting. The challenge is to be prepared without wasting time, particularly on shifts that may never come to fruition, and to avoid spending too much money upfront. [...]
Regulatory change for advisers has, regrettably, become more of a constant than the exception. But with the minister’s QAR reforms laid before us, a concentrated period of change looms. […]
What makes for good policy management? It’s not just about publishing and distributing written policies to all employees. In fact, as the Australian Securities and Investments Commission (ASIC) recently highlighted, good policy management is about the implementation and supervisory controls ensuring adherence to those policies. […]
All Australian Financial Service Licence (AFSL) and Australia Credit Licence (ACL) holders have certain responsibilities. These obligations are listed under section 912A of the Corporations Act, as enforced by the Australian Securities and Investments Commission (ASIC). Generally speaking, you must: Demonstrate compliance with these obligations. Ensure you have adequate financial, technical and human resources to [...]
Although cybersecurity has long been an integral part of the Australian financial sector, the idea of ‘cyber resilience’ is newer and more complicated. Instead of focusing on the tools or solutions required to protect an organisation, cyber resilience goes a step further to encompass frameworks, philosophies and applicable responsibilities. […]
