ASIC treats an SMA as a managed account structure, while an SMA mandate is the investment rule set used within...
ASIC expects AFS licensees to maintain compliance systems, and those programs increase client retention by turning regulatory obligations into reliable...
ASIC doesn’t define “ongoing review” and an “annual review” as separate statutory categories. The key distinction is that ongoing review...
Under the Corporations Act, retail or wholesale client classification determines which consumer protection obligations apply to an AFS licensee. Correct...
Under the Corporations Act, a client’s classification as retail or wholesale can change if the facts supporting the classification change...
Under the Corporations Act, a client is treated as a wholesale client only when they satisfy one or more of...
Under the Corporations Act, a retail client is a person or entity that does not satisfy the statutory tests for...
Under the Corporations Act, retail or wholesale client classification determines which regulatory obligations apply when an AFS licensee provides financial...
Under the Corporations Act, incorrectly classifying a client as retail or wholesale can cause an AFS licensee to breach applicable...
ASIC and the Corporations Act treat commission on group life insurance as not conflicted remuneration when a specific legislative exemption...