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.