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AFSL & ACL Compliance Training
Andrea Beatty conducts CPD workshops to update Australian Credit Licence (ACL) and Australian Financial Service Licence (AFSL) participants on:
- what they need to know to have trouble-free compliance with their ACL and AFSL obligations
- the current regulatory issues and traps, and how to avoid them
- the things Responsible Managers and Representatives and those responsible for their Representatives need to know.
An optional take-home multiple-choice open book exam can be taken following the workshop.
The Program
Session 1 – AFSL & ACL key obligations
- Rights, Responsibilities and Obligations
- Your licence and your obligations as a licensee – broad compliance obligations, internal systems requirements (e.g. risk management, conflicts of interests and dispute resolution), people and resourcing requirements
- Quick tips for AFSL & ACL Responsible Managers
Session 2 – Financial Services focus areas
- Financial advice
- Blockchain and finance
- Financial advice
- Banking Royal Commission updates
- ASIC enforcement activities
- The changing face of financial services
Session 3 – ACL focus areas
- Responsible lending
- Hardship
- Unfair contract terms
- Comprehensive credit reporting
- Buy-now-pay-later
- ASIC enforcement activities
- Case studies
Session 4 – AFSL and ACL industry updates
- Mandatory data breach reporting
- GDPR
- AML / CTF
- AUSTRAC enforcement activities
- Advertising and marketing
- AFCA
- Code of banking practice
- New whistleblowing laws
- ASIC’s new product intervention powers
- ASIC’s new design and distribution obligations
- Consumer Data Right and Open Banking
Who should attend this session?
- ACL and AFSL responsible managers;
- ACL credit representatives and AFSL authorised representatives;
- Legal and compliance personnel; and
- Operations and marketing personnel.
- Mortgage and finance brokers
- Financial planners and advisers
- Credit providers
- Fintech and regtech developers / promoters
Details and expressions of interest
- Full day: $1,500 inc GST per person
- Half day: $1,050 inc GST per person
Refreshments and lunch will be provided.
If you are interested in attending a training session, please register your interest using the registration link below.
We also conduct bespoke financial services and responsible manager training at client premises for a fixed fee for unlimited attendees. For further information, contact [email protected].