ASIC has granted relief to promote the provision of tailored Financial Services Guides (FSGs). This is set out in ASIC
Class Order [CO 05/27] Financial Services Guides – Tailoring Relief.

This new class order promotes tailoring of FSGs by relieving financial services providers from the need to comply in all situations with the additional remuneration disclosure requirements currently prescribed by the Corporations Regulations 2001 (the regulations). 

Class Order [CO 05/27] exempts financial service providers from including any
additional remuneration information required by regulations 7.7.04(2) and 7.7.07(2) in a FSG, where:

• the information does not relate to a financial service that will be or is likely to be provided to the client; or
• the information relates exclusively to services which do not require the
  provision of a FSG (e.g. if the service is provided only to wholesale clients).

However, if the providing entity later provides another financial service to a retail client and the additional remuneration disclosures have not previously been made to the client in an FSG because of the relief in Class Order [CO 05/27], the providing entity will be required to give the client a new FSG or supplementary FSG including the relevant additional remuneration disclosures for that financial service.