ASIC establishes Financial Advisers Consultative Committee (FACC)

ASIC has announced the establishment of the Financial Advisers Consultative Committee, which is designed to improve industry engagement with the regulator.

“ASIC has extensive engagement with participants in the financial advice sector as well as financial advice industry bodies and consumer organisations. We saw benefit in extending our interaction with this sector through the establishment of a committee made up of practising advisers,” said ASIC Deputy Chairman Peter Kell.

“The establishment of this committee is part of ASIC’s ongoing commitment to enhancing its engagement with its stakeholders,” he said. Read more...