Regulatory Alerts2010-06-29 | RG-195RG 195 Group purchasing bodies for insurance and risk products
The Australian Securities and Investments Commission issued Regulatory Guide 195 to guide group purchasing bodies arranging risk management products for others without issuing products or providing financial advice. The document explains the relief granted by Class Order CO 08/1 from the licensing and managed investments provisions of the Corporations Act 2001. It outlines the requirements group purchasing bodies must meet to benefit from this relief and notes that applications for relief should be submitted through the ASIC Regulatory Portal.
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