Compliance Calendar for Financial Planners and Life Advisers

A summary of annual compliance tasks and how to complete them, including:

AUTHORISED REPRESENTATIVES.

• Pre-appointment checks
• Cross endorsements and AR agreements
• Change of details / authorisations
• Monitoring and supervision
• Termination procedures
• ASIC notifications

ORGANISATIONAL CAPACITY.

• Review adequacy of human resources
• Responsible manager checks
• Business and succession plans
• Review training plans
• OH&S review

COMPLIANCE / RISK MANAGEMENT.

• APL review and update
• Conflicts register review
• Review and report suspicious matters
• Monitor complaints and breach management
• Review outsourced arrangements
• Business continuity planning

FINANCIAL MANAGEMENT AND AUDIT.

• Review financial resources
• ASIC notifications
• Review and reconcile trust account
• Financial audit
• ASIC reporting
• Review insurance requirements

Benefits:

• Covers all AFS and other compliance requirements
• Includes best practice guidelines
• Enables you to diarise timing and frequency
• Supports your quality assurance programme

Use:

• Convenient reference guide
• Customise to plan and record your annual compliance activities
• Combine with the AFS Licensee Manual and Financial Adviser Manual for a complete compliance management system