Established in 2015, imac legal & compliance helps small and medium businesses to meet their legal requirements and achieve their commercial objectives.
Recent Posts
Cyber crime – coming to a financial
April 12, 2021
Established in 2015, imac legal & compliance helps small and medium businesses to meet their legal requirements and achieve their commercial objectives.
Advice Firm Should Resist ASIC Attempts
Advice firms should resist any attempts by ASIC to force them to accept remediation outcomes that involve them trading away hard-fought monetary limits through external dispute resolution schemes such as FOS, according to imac legal & compliance Principal Lawyer Ian McDermott.
“We understand ASIC is getting close to releasing its regulatory guidance on advice review and remediation programs. ASIC’s media release on this issue in May 2015 suggested that “licensees may be required to waive any time limit, monetary or other limits that might constrain the EDR scheme’s jurisdiction”, Mr McDermott said.
Read the full article in Professional Planner