Webinar On Demand - Financial Services Reform - Evolution or Revolution?

1 CPD Point – Substantive Law

The number of financial advisers has dropped markedly in the last few years (from 26,500 to 16,671 between 2019 and 2022). The government appears to have recognised that this is an issue and has proposed far reaching changes to the financial services industry as part of the Quality of Advice Review reforms.

There is no doubt that the financial services industry will be quite different once these reforms are implemented. In this Webinar, Financial Services Reform - Evolution or Revolution?, Mark and Fiona Halsey will take you through the proposed changes and discuss what these mean for your business and the broader financial services industry.

Some of the headline changes include:

• New consent requirements for wholesale investors – proof of understanding of the consequences of being a wholesale investor will be required;
• No more statements of advice;
• Simplified paperwork for fee disclosures and consents; and
• Super funds being allowed to give financial advice.

This Webinar is suitable for professional advisers, accountants and lawyers and assumes basic knowledge of the requirements of Australian Financial Services Licences (AFSL). The Webinar is pitched at an intermediate level.

Legal CPD:

WA legal practitioners (QA Provider ID 29250)

1 CPD point, Competency Area 4 – Substantive Law. To ensure you receive your CPD Points for this event, please provide us with your Legal Practice Board Practitioner ID during registration. Note: CPD Points are only uploaded to the Legal Practice Board after the Webinar On Demand is viewed. This is not an interactive activity.

Legal practitioners outside of WA

If you consider that this webinar satisfies your individual requirement, or is relevant to your immediate or long-term professional development needs, you may claim 0.5 CPD points for every 30 minutes of attendance and participation.

Accounting CPD:

1 CPD Point

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Presenters: Mark Halsey & Fiona Halsey
Halsey Legal; Licensee Solutions

Mark Halsey and Fiona Halsey are financial services lawyers (Halsey Legal) and financial compliance experts (Licensee Solutions). Each has more than 30 years’ experience in financial services, and together they provide services around Australia, to large and small AFSLs, financial advisers, fund managers, and investors. They offer a unique blend of services including representation for enforcement issues, advice regarding regulatory changes, the implementation of commercial transactions, drafting useful and practical documents, and overall financial services compliance.

Before establishing Halsey Legal and Licensee Solutions, Mark worked in the Commonwealth government, for major banking groups and life insurers. Fiona worked in managed fund research and software, and was a director and in-house counsel for a big 4 accounting firm.