AFSL Monitoring and Supervising Representatives Procedure


inc GST

Licensees are required to take reasonable steps to ensure that their representatives comply with the financial services laws.  This procedure* sets out pro-forma arrangements to monitor and supervise representatives, and:

  • assists in compliance with ASIC's RG 104 (Licensing: Meeting the general obligations);
  • includes templates and registers for use when carrying out monitoring activities;
  • includes a clear and plainly expressed checklist to explain the difference between no advice, general advice and personal advice; and 
  • includes practical guidance for how to design and implement a monitoring program.

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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