ASIC updates FSR policies

ASIC has released technical updates to three ASIC policy statements, a guidance paper, and a number of class orders relating to financial services providers to ensure users of its policy publications are working with the most current information.

The updated policy statements are:

• [PS 168] Disclosure: Product disclosure statements (and other disclosure obligations)
• [PS 175] Licensing: Financial product advisers – Conduct and disclosure
• [PS 182] Dollar disclosure

The updated guidance paper is titled Licensing: The Scope of the Licensing Regime: Financial Product Advice and Dealing – an ASIC Guide (‘Advice and Deal Guide’).

The policy statements and guides have been updated to take account of the regulations made on 15 December 2005 amending the financial services regime.

More details