ASIC unveils guidance for the industry's looming advice-fee reforms
Critics question plans to unwind Trump-era rules
Investor group calls for dramatic shift in approach to oversight
The SRO has warned firms against using delay tactics when a client decides to move on
Applications to join an advisory committee on market issues are due July 7
The event forms part of the consultation on the revised proposal for regulating advisor titles
Under the proposed rules, everything from TikToks to Insta posts would have to disclose details of promotional activity
The final rules will take effect Aug. 25 and apply to financial year-ends after Oct. 15
Proposals include stiffer fines, along with measures to modernize oversight requirements
Regulator examines the new and added risks posed by tech-focused innovation in the financial sector