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It prohibits offers to sell or issue financial products which are made in the course of, or because of, unsolicited contact. The general prohibition applies to all kinds of financial products, including securities and interests in managed investment schemes, except in certain circumstances.
The hawking reforms give consumers greater control over the circumstances in which they are offered products, and prevent consumers being approached with unwanted products on cold-calls or through other unsolicited contacts.
Bright Law helps financial services providers to effectively deal with legal and regulatory changes and pressures and manage risk.