An annual compliance certificate is a concise but comprehensive summary that demonstrates the AFSL holder’s ongoing adherence to licence obligations under s912A and ASIC’s Regulatory Guide 104. A well-designed checklist should include:
- Confirmation of solvency, capital adequacy, and financial viability (RG 166);
- Review of Responsible Managers’ competence and engagement (RG 105);
- Annual risk management framework review and cyber resilience testing;
- Conflicts of interest register updates (RG 181);
- Adviser registration, training, and CPD compliance (RG 146, FASEA Standards 10–12);
- AML/CTF compliance and reporting (AUSTRAC);
- Breach reporting log and remedial actions (RG 78);
- Summary of internal audit findings and governance attestations.
Many licensees use this certification as both an internal assurance tool and evidence for ASIC’s targeted surveillance reviews.