ASIC policy proposals on margin lending

ASIC has released 2 policy proposals for public comment regarding the training requirements and financial requirements for firms that offer or advise on margin lending facilities.

Consultation Paper 108 Margin lending: training of financial advisers(CP 108) and Consultation Paper 109 Margin lending: Financial requirements(CP 109) outline how ASIC proposes to:

  • apply training requirements to financial product advisers who advise on margin lending facilities; and
  • apply the financial resource requirements to Australian financial services (AFS) licensees who provide financial services in relation to margin lending facility products.

Submissions on the proposals contained in the Consultation Papers close on Monday 10 August 2009.

Print Friendly, PDF & Email

Your Compliance Support Plan

We understand you need a cost-effective way to keep up to date with regulatory changes. Talk to us about our fixed price plans.