by GRC Essentials | Nov 9, 2022 | Uncategorized
Quality of Advice Review (Proposal Summary) History The current regulatory framework, which commenced with the Financial Services Reform Act 2001, continues the premise that providing the client with all the information will allow them to make well informed decisions...
by GRC Essentials | Oct 19, 2022 | Uncategorized
Overview On 5th October 2022, AUSTRAC released guidance on ‘Source of funds and source of wealth’ requirements. This guidance states that for certain high-risk customers, high-risk transactions, or for foreign politically exposed persons (PEP’s), you must identify...
by GRC Essentials | Sep 8, 2022 | Uncategorized
Overview On 11 March 2022, the government released their final terms of reference for the upcoming Quality of Advice Review, with the report to be provided by 16 December 2022. The review is being conducted in response to Recommendation 2.3, 2.5, and 2.6 of the Haynes...
by GRC Essentials | Sep 2, 2022 | Uncategorized
The following is a guide to help you prepare your certified documents. A certified document is a copy of an important document that needs to be certified as a true copy of the original document by a person authorised to do so. At certain stages of the client...
by GRC Essentials | Aug 26, 2022 | Uncategorized
Overview In 2019, ASIC released a significant update to Regulator Guide 97 Disclosing Fees and Costs in PDS and Periodic Statements. This was aimed at achieving better outcomes for consumers by providing greater clarity on disclosure obligations for product issuers of...
