HDY Submissions to ASIC regarding Consultation Paper 247

4 March 2016

In December 2015, ASIC released Consultation Paper 247: Client review and remediation programs and update to record-keeping requirements. The Consultation Paper proposes guidance on client review and remediation programs conducted by Australian financial services licence holders (Licensees) that provide personal advice. Read our past Insight here for more information.

HDY's market leading Regulatory Risk + Strategy team provided submissions to ASIC regarding Consultation Paper 247. Please click here to read our submission. 

Our Regulatory Risk + Strategy team has experience advising Licensees on regulatory issues and responses. Over the last two years, our lawyers have worked within Licensee regulatory teams, including within some of Australia's largest financial institutions. We welcome ASIC's Consultation Paper and the opportunity to provide feedback based on our experiences.

Claudine Salameh Partner

Claudine advises major financial institutions and insolvency practitioners on fraud, security enforcement, debt recovery, banking and insolvency litigation.

Claudine is a banking and insolvency litigation and regulatory expert. She acts for the major Australian financial institutions in relation to matters involving customer disputes, fraud, regulatory and compliance issues, security enforcement and debt recovery. She also acts for insolvency practitioners in formal receiverships, voluntary administrations and liquidations.

Claudine is well known for her ability to manage risks posed by litigation and regulatory inquiries and investigations. She is particularly attuned to reputational and business risks.

Claudine is highly strategic and creative and is recognised by her clients for being able to achieve the perfect balance between legal arguments and commercial and practical outcomes.

Claudine is currently assisting a financial institution in a review and remediation scheme and in a large scale recovery matter against a religious organisation. She is also involved in advising financial institutions in relation to their compliance with regulatory obligations.

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