Regulatory Alerts2025-07-17
ASIC issues infringement notices to licensees for unregistered advisers
The Australian Securities and Investments Commission issued infringement notices to Skyke Money and Smart Financial Capital for allowing financial advisers to provide personal advice while unregistered. The regulator emphasized that the registration requirement is a critical consumer protection mechanism designed to ensure advisers meet fit and proper standards. AFS licensees are reminded to verify adviser status on the Financial Advisers Register and maintain ongoing compliance to avoid significant legal consequences.
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