The Australian Securities and Investments Commission (ASIC) is urging stakeholders to submit feedback on a recently released consultation paper outlining its proposed approach to approving and overseeing compliance schemes for financial advisers.
Under the new legislative regime for adviser professional standards, ASIC-approved compliance schemes will enforce compliance with the code of ethics, being developed by the Financial Adviser Standards and Ethics Authority (FASEA). Compliance to the proposed code of ethics is part of incoming training and education requirements for financial advisers.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.