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This article was written by Paul Derham (Partner) and Matt Twomey (Robo Advice, Financial Advisory and Commercial Lawyer) of Holley Nethercote.
30 August 2016 marks the release of ASIC’s much-anticipated RG 255: Providing Digital Advice to Retail Clients. Its arrival is somewhat lacklustre because it contains no departure from ASIC’s existing policy direction around key issues like responsible manager competency despite some great ideas being tabled in the earlier consultation paper.
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However, there are still 5 key takeouts for ... (read more)