Australian Financial Services Licencees are a particular focus for ASIC. There has been surveillance insights, regulatory action and new guidance. Governance, management and auditors need to be aware of these developments to discharge their obligations under the Corporations Act. The session will review:
- Regulatory guidance on risk management for responsible entities
- ASIC’s report Culture, conduct and conflicts of interest in vertically integrated businesses in the funds-management industry
- ASIC’s Review of Custody arrangements in Funds Management
- Enforcement actions and lessons
