Regulatory Alerts2016-09-15 | RG-256RG 256 Client review and remediation conducted by advice licensees
The Australian Securities and Investments Commission issued Regulatory Guide 256 to provide guidance on client review and remediation processes for Australian financial services licensees providing personal advice to retail clients. This document mandates that such licensees apply these standards to relevant non-advice remediation activities as well. The guidance specifically applies to remediations initiated before 27 September 2022, while those starting on or after that date must comply with Regulatory Guide 277.
Share