ASIC has warned licensees to add new details about their advisers onto its register before the end of the year.
The corporate regulator said it updated its Financial Advisers Register last month to collect the new information required by the recent professional standards reforms for financial advisers.
Licensees must provide the additional information about their advisers through ASIC’s Connect portal by 1 January 2020.
“AFS licensees should note that ASIC offices are closed between Christmas Eve and the end of the year,” ASIC said.
“We encourage all AFS licensees to do their reporting as soon as possible in case ASIC assistance is required.”
ASIC requires the following information from licensees to be added to the register:
Information to add to the Financial Advisers Register
From 15 November to 31 December 2019 for existing financial advisers
From 15 November 2019 onwards for existing and new financial advisers
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