CP 226 Remaking ASIC class orders on secondary services and general advice

Released 11 December 2014. Comments close 9 February 2015.

This consultation paper sets out ASIC’s proposals to remake into ASIC instruments our class orders on:

  • ŸFinancial Services Guide (FSG) relief for experts and persons arranging for the issue of a financial product by a product provider under an intermediary authorisation (arrangers); and
  • Ÿrelief relating to general advice warnings.

Under the Legislative Instruments Act 2003,these class orders will expire (‘sunset’) if not remade.

We are seeking feedback—in particular, from product issuers, Australian financial services (AFS) licensees that are authorised to provide general advice and their representatives (e.g. authorised representatives and employees), and AFS licensees (or authorised representatives) who provide financial services to retail clients via an intermediary (secondary service providers)—on our proposals to remake, without significant changes, the following class orders:

  • Ÿ[CO 05/835], which is due to expire on 1 October 2015; and
  • Ÿ[CO 04/1572], [CO 04/1573] and [CO 05/1195], which are due to expire on 1 April 2016.

Download CP 226 (PDF 168 KB) | Read the media release

- Attachment 1 to CP 226 - ASIC Corporations (Financial Services Guides - Secondary Services) Instrument 2015 (PDF 98 KB)

- Attachment 2 to CP 226 - ASIC Corporations (Advertising by Product Issuers) Instrument 2015 (PDF 88 KB)

- Attachment 3 to CP 226 - ASIC Corporations (General Advice Warning) Instrument 2015 (PDF 91 KB)

Download non-confidential submission

Last updated: 11/12/2014 12:00