AFSL Appointing Representatives Procedure


inc GST

Licensees should ensure background checks are completed when they appoint representatives, and, if they give financial advice, that no conflicted remuneration is given or received.  Most volume-based remuneration is presumed to be conflicted unless it can be demonstrated otherwise.  This procedure*:

  • assists in compliance with ASIC's RG 104 (Licensing: Meeting the general obligations);
  • includes templates and registers for use when appointing and authorising representatives; and
  • sets out the requirements for keeping the ASIC Register of Financial Advisers up-to-date if your advisers provide personal advice to retail clients.

What's included?

Once payment is received, the procedure is delivered via email as a downloadable file(s) in Word and/or Excel format, together with a tax invoice. 

*This procedure(s) will not comply with the regulatory requirements if it is not correctly tailored to your particular business and kept up-to-date.  Compact - Compliance & Training is not responsible for the tailoring and implementation or upkeep of each procedure once purchased by the licensee.  Compact - Compliance & Training can assist you tailor these documents.  The first step towards keeping your procedure(s) up-to-date is to subscribe to our tailored monthly regulatory update service, T-REX.  The content of each procedure will vary depending on legislative and policy changes and updates, as well as the nature of the licensee.  This procedure(s) is current on the date of purchase.  Whilst every care is taken in their preparation, Compact - Compliance & Training makes no representation that these documents are fit for your particular purpose, and accepts no responsibility for any loss or damage or cost incurred as a result of their use.  Compact - Compliance & Training takes no responsibility for formatting or other errors resulting from software errors, defects, incompatibility or viruses.

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