CP 191 Future of Financial Advice - Approval of codes of conduct for exemption from opt in requirement

Released 23 October 2012. Comments closed 4 December 2012.

This consultation paper is for:

• financial advisers who enter into ongoing fee arrangements with retail clients and seek an alternative to complying with the opt-in requirement in s962K of the Corporations Act 2001 (Corporations Act); and
• code owners or applicants who wish to lodge a code of conduct for ASIC’s approval that aims to obviate the need for complying with the opt-in requirement.

Prospective code applicants should first read ASIC’s Regulatory Guide 183 Approval of financial services sector codes of conduct (RG 183)

Download the paper (PDF 264 KB) | Read the media release | Read the report on submissions

	Submission from
1	Association of Financial Advisers
2	Consumer: Joint consumer submission (Submission on behalf of COTA, Financial Counselling Australia, Consumer Action Law Centre, National Seniors Australia, Choice and NICRI, John Berrill, Stephen Duffield and Nicola Howell)
3	CPA Australia and Institute of Chartered Accountants in Australia
4	Financial Planning Association
5	Financial Services Council
6	Henry Davis York Lawyers
7	Industry Super Network and Australian Institute of Superannuation Trustees
8	Institute of Public Accountants
9	SMSF Professionals' Association of Australia
10	State Super Financial Services Australia