Home › Forums › Australian Financial Services Licensing (AFSL) Forum › RG 146 – Wholesale
This topic contains 5 replies, has 2 voices, and was last updated by chloelfoure 1 month, 1 week ago.
September 4, 2018 at 10:39 am #5365
What counts as ‘training’ for wholesale only advisers?September 13, 2018 at 4:14 pm #5371
Thanks for your question.
The Corporations Act requires that financial services licensees ensure their representatives are adequately trained to provide the services under their license. As you noted, RG 146 sets out the minimum training standards required for some financial product advisers. Generally, RG 146 requires that natural persons who provide financial product advice to retail clients must meet the relevant training standards. However, those training standards do not apply to the provision of advice to wholesale clients.
RG 146 may nonetheless serve as a guide for licensees whose representatives provide wholesale financial product advice. The guidelines specifically note that it does not diminish any overriding duties prescribed by the Corporations Act or the common law – such as the duty to act as a reasonable professional adviser and to provide your services with due care and skill. The training guide is flexible, and the Corporations Act places responsibility on you to decide how you will comply with your obligations. You may also want to refer to RG 104 – Licensing: Meeting the general obligations.
If you have specific questions about how your organisation can comply with training obligations please feel free to contact our Financial Services Team.February 4, 2020 at 11:18 am #5792
I am the primary developer for [url=https://sweatyquid.com]SweatyQuid[/url], a freelancer market place online site after I have grown tired of [url=https://sweatyquid.com]Freelancer Marketplace[/url] shutting my accounts and stealing my hard-earned money. I would undoubtedly be grateful if somebody at complianceforum.com.au could give me some suggestions on my site: what is lacking and what aspects you would improve. Appreciate your inputFebruary 18, 2020 at 9:18 am #5806
Hi! I am the business owner of [url=https://elementearthcbd.com]Element Earth CBD[/url], an online Hemp store over in New York. I have just started this on-line store and I wish to figure out what sorts of CBD products do you folks at complianceforum.com.au recommend I carry and from which brand names? I can’t buy every single label just yet as I have just launches my online shop but I intend to buy the number one Hemp products that people actually really need. I am currently stocking well-liked CBD labels like Berkshire CBD and Berkshire CBD but I need much more.February 20, 2020 at 11:31 pm #5810
Hi everyone at complianceforum.com.au! Stock Up On CBD is the Planet’s first wholesale CBD marketplace where you are able to choose leading CBD goods across numerous groups just like CBD Edibles from the top Hemp and CBD brand names. We are now aiming to add a few more CBD and Hemp stores. Could you let me know the name of your local CBD and Hemp Store?February 26, 2020 at 8:31 pm #5816
I am the business manager of [url=easternrayshisha.co.uk]Eastern Ray Shisha[/url], a deluxe shisha hire firm. We’re at present organizing a huge wedding party just outside The city of london and I am searching dependable Bridal Gowns I was speculating whether anybody at complianceforum.com.au can help me. Does anyone happen to possess a couple of nearby contacts? The client is happy to hire personnel from abroad as quality is the pivotal point to consider. Money is not an issue. Many thanks in advance.