Regulatory Alerts2016-08-30 | RG-255RG 255 Providing digital financial product advice to retail clients
The Australian Securities and Investments Commission issued Regulatory Guide 255 to address the provision of digital financial product advice to retail clients. It outlines the regulatory considerations for persons offering automated advice using algorithms and technology without direct human adviser involvement. The guide covers requirements ranging from obtaining an Australian financial services licence through to the actual delivery of advice.
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