A checklist for those working under the just-introduced Financial Services Legislation Amendment Act has been published by Strategi.
Its Best Practice PDF details much of what should be in place for advisers to remain compliant under the act which went live on Monday.
Among the topics covered by the publication include company websites, marketing documents, advice templates, disclosure, the privacy act, changes to business cards and email signatures.
Strategi says: “This checklist does not purport to be a comprehensive list of every action that is required.
“It is the individual responsibility of every transitionally licensed FAP, authorised body, financial adviser or nominated representative to ensure they have taken the required steps to be compliant on 15 March 2021.”
Among Strategi’s top recommendations is that websites should have a prominent button or link for its disclosure information. The company also says phrases such as a ‘disclosure statement is available on request and free of charge’ should be removed.