Established in 2015, imac legal & compliance helps small and medium businesses to meet their legal requirements and achieve their commercial objectives.
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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.
Product Focused Financial Laws No Good
Current financial services legislation is too heavily focused on labelling advisers as product providers rather than advice providers, says a financial services lawyer.
For this reason, according to Imac legal & compliance principal Ian McDermott, Chapter 7 of the Corporations Act – which sets out the main provisions that cover financial services – should be scrapped and reworked
“There is no escaping the fact that the financial services laws were drafted ostensibly with financial products in mind,” Mr McDermott said.
Read the full article in ifa