ASIC releases digital advice guidance

Today, ASIC released its guidance on ‘digital’ (or ‘robo’ or ‘automated’) advice in Regulatory Guide 255: Providing digital financial product advice to retail clients (RG 255). RG 255 does not differ greatly from the draft regulatory guide issued by ASIC in March 2016, with its Consultation Paper 254. RG 255 includes the following measures and…

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