ASIC issues professional standards information

ASIC has created a new section on its website to provide an overview of several facets of the incoming requirements.

These include the scope of the reforms, advisers’ obligations, FASEA information, compliance schemes for the code of ethics and updates to the financial adviser register.

“This information will help financial advisers, and those coming into the advice industry, prepare for the new requirements,” ASIC said in a statement.

The new resource can be accessed here.