ASIC floats proposed changes for advice licensees

ASIC has announced proposed changes to the requirements for advice licensees, including a new option for demonstrating knowledge and skills as a responsible manager.

ASIC released a consultation paper CP 305 Organisational competence requirements for advice licensees: Update to RG 105 this week, which proposes a new option for demonstrating the knowledge and skills of a responsible manager.

Read the full article at SMSF Adviser.

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