New Disciplinary Regime For Financial Advisers

One of the key recommendations to come out of the Royal Commission was for the creation a new disciplinary system/body for financial advisers. The recommendation aims to push the industry further along the way to becoming fully “professional”. The creation of this new body has the potential to usurp the relevancy of the existing disciplinary regime that includes licensee’s and industry bodies, and may change the role ASIC plays in regulating advisers.