Financial services monthly wrap up – October 2019
In October 2019, the much-anticipated bill to end grandfathered conflicted remuneration was passed, with the ban effective from 1 January 2021. There have also been recent developments in the Courts in relation to the definition of personal advice as well as a joint ASIC report on the role and shortcomings of disclosure in financial services. ASIC has also further extended the timeframe for compliance with the portfolio holdings disclosure requirements to facilitate the Government considering…