ASIC has released Information Sheets 276 and 277 to provide guidance to financial advisers and AFS licensees about the new requirement for financial advisers to be registered, following the Treasury Laws Amendment (2023 Measures No. 1) Bill 2023 receiving Royal Assent on 27 November 2023. Background.
From 1 February 2024, financial advisers, excluding provisional relevant providers, who provide personal advice to retail clients on relevant financial products must be registered with ASIC. This includes time-share advisers.
Information Sheet 276 FAQs: Registration of Relevant Providers (INFO 276) provides guidance to AFS licensees and Relevant Providers about registration requirement and process, registrations ceasing and multiple registrations.
Information Sheet 277 Registration of Relevant Providers: Guidance on Making Declarations (INFO 277) provides guidance to AFS licensees about the declarations they are required to make when applying to register their Relevant Providers.
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Author: David Jacobson
Principal, Bright Corporate Law
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About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.
