BRIEF-Australia's ASIC Extends Temporary Financial Advice Relief Measures In COVID-19 Instrument

by Reuters
Thursday, 14 October 2021 01:33 GMT

Oct 14 (Reuters) -

* AUSTRALIA'S ASIC - FURTHER EXTENDS TEMPORARY FINANCIAL ADVICE RELIEF MEASURES IN COVID 19 INSTRUMENT

* ASIC-THE RELIEF WILL NOW END ON 15 APRIL 2022.

* ASIC - DECIDED TO EXTEND RELIEF AFTER INDUSTRY CONSULTATION IDENTIFIED THAT EXTENSION WOULD BE HELPFUL FOR FINANCIAL ADVISERS IN CURRENT CIRCUMSTANCES

* ASIC - WILL GIVE SUFFICIENT NOTICE TO INDUSTRY BEFORE ANY EARLY REPEAL IS IMPLEMENTED

* ASIC-REINTRODUCED RELIEF MEASURE THAT ALLOWS FINANCIAL ADVISERS ADDITIONAL TIME TO GIVE THEIR CLIENTS A STATEMENT OF ADVICE AFTER TIME-CRITICAL ADVICE

Our Standards: The Thomson Reuters Trust Principles.