At present, financial products which have higher levels of risk for investors, including margin loans and contracts for difference, are subject to reasonably strict disclosure and marketing requirements.
The FSI recommendation provides ASIC with farreaching powers to impose additional conditions on risky products. ASIC’s powers could range from imposing additional requirements on the marketing of these products to a complete product ban.
Alicia works across both Sophie Grace Pty Ltd and Sophie Grace Legal Pty Ltd with a particular focus on compliance and legal services. She manages the licensing and compliance aspects of the business. She is responsible for AFSL and ACL applications, variations and assists the compliance team in the implementation of compliance reviews. She provides ongoing compliance support and assists with the preparation of legal advice, commercial agreements and disclosure documents.