The author is admitted in Australia and the US and worked in regulatory enforcement matters in New York for over 15 years, including those concerning unmonitored business communications discussed below.
Introduction1
On 26 June 2024, ASIC issued two documents addressing financial intermediary compliance issues: Information Sheet 283 ‘Supervising your representatives’ business communications’2 (Information Sheet), and an accompanying media release calling on ‘market intermediaries to strengthen their supervisory arrangements for recording and monitoring representatives’ business communications to prevent, detect…
