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 with Sophie Grace Pty Ltd with a particular focus on compliance and legal services. She assists clients with AFSL and ACL applications, variations and also assists in the implementation of compliance reviews. She provides ongoing compliance support as well as assisting in the preparation of legal advice, commercial agreements and disclosure documents.