Released 26 April 2001. Comment closed 7 June 2001.

ASIC Interim Policy Statement 146 Training of authorised representatives [IPS 146] gives guidance to licensees and principals on how they can meet their obligation to ensure that their representatives are adequately trained.

We are examining how the policy in [IPS 146] will apply in the new regime established by the Financial Services Reform Bill 2001. The Bill proposes major changes to the way financial services are regulated, especially by:

• creating a single regime for the licensing of all financial service providers; and
• creating separate kinds of licences for different classes of activities, such as an financial product advice and dealing.

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