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New Professional Standards and Training Obligations for Financial Advisers are Coming Soon

Posted on March 28th, 2018 by Sophie Gerber in AFSLsASICCompliance WorkFinance Industry
From 1 January 2019, all new financial advisers will be required to meet the new professional standards and training obligations. Under the new regime, financial advisers providing personal advice ...

The Transition from FOS to the AFCA Commences 1 April 2018

Posted on March 28th, 2018 by Sophie Gerber in AFSL ComplianceDispute ResolutionFinance IndustryFOS
Is your business a member of the Financial Ombudsman Service (“FOS”)? If so, you should have received two important emails from FOS this month. One was sent in early March advising that the Gov ...

In Case You Missed It – Available Online Now – Sophie Gerber Speaks at the Hong Kong iFX Expo

Posted on March 7th, 2018 by Sophie Gerber in Compliance WorkFinance IndustryFinancial Services and Credit Industries
Sophie Grace Compliance and Legal Director, Sophie Gerber, was among four professionals who participated in a panel held on day 2 of the 2018 iFX Expo Asia, which discussed the challenges and opport ...

Are you Ready for ASIC’s Client Money Reporting Rules?

Posted on March 5th, 2018 by Sophie Gerber in ASICClient MoneyFinance Industry
ASIC's Client Money Reporting Rules 2017 (“Rules”) commence on 4 April 2018. The Rules impose record-keeping, reconciliation and reporting obligations on Australian Financial Service licensees ( ...

Changes Ahead as Life Insurance Commission Caps have Commenced

Posted on January 29th, 2018 by Sophie Gerber in ASICFinance IndustryInsurance
From 1 January 2018, upfront commissions for life insurance providers are capped at 80%. The life insurance industry initially escaped the future of financial advice (FoFA) reforms under which all oth ...

Hear Sophie Gerber speak at the Hong Kong iFX Expo

Posted on January 18th, 2018 by Sophie Gerber in Finance Industry
Sophie Gerber is confirmed to speak at the iFX Expo in a panel on day 2 of the Hong Kong iFX Expo (25 January 2018) at 11:45am. The panel will provide insights into setting up in Asia – the regu ...

Meet the Sophie Grace Team in Hong Kong at the iFX Expo

Posted on January 10th, 2018 by Sophie Gerber in Finance Industry
Sophie Gerber, Angela Yang and Melody Gao from the Sophie Grace team will be attending the Hong Kong iFX Expo taking place in January 2018.  They will be available for meetings from 22 to 26 Ja ...

ASIC’s Guidance for Initial Coin Offerings

Posted on October 24th, 2017 by Sophie Gerber in ASICFinance IndustryFintech
New startups seeking venture capital are increasingly looking to fintech options to build their business and raise the required funds. Blockchain technology has provided an alternative to achieve this ...

Providing Tax Advice to Clients under an AFSL? You Need to be Registered with the TPB

Posted on August 29th, 2017 by Sophie Gerber in AFSLsAuthorised RepresentativesFinance Industry
All AFSL holders and Corporate Authorised Representatives (CARs) who provide tax advice to retail and wholesale clients are required to be registered with the Tax Practitioners Board (TPB). This means ...

FinTech Australia’s Member Ecosystem Map

Posted on July 21st, 2017 by Sophie Gerber in Finance IndustryFintechOTC Trade Reporting
Australia’s FinTech industry body FinTech Australia, released its first member ecosystem map last month. The map is aimed at building a greater worldwide understanding of Australia’s FinTech indus ...