There isn't enough time in the world for us to count all the rules that apply to financial services and credit businesses.

There are Acts, Regulations, Regulatory Guides, Class Orders, ASIC Relief, Cases, Industry Guidelines, Tribunal Decisions, No Action Letters, Info Sheets, Consultation Papers, Codes of Practice... Aaaaagh - enough!

The Fold’s regulatory lawyers have a unique capability for understanding and managing the interplay between your commercial objectives and the regulatory requirements that apply to financial services businesses.

SOME OF THE WAYS WE HELP OUR CLIENTS.

  • Navigating the day-to-day requirements of AFSL or ACL
  • Complying with AML/CTF
  • Complying with privacy, trade practices and spam legislation
  • Implementing compliance policies and procedures

The Fold's Manuals

Realising what a challenge it is for businesses to determine what regulation applies to them, we developed The Fold’s Manuals. These business operations manuals synthesise all the rules into guidance, policies and procedures that you can follow.

Our clients call them 'the bible'. We’re not expecting to be walking on water any time soon, but we do know that if you customise them for your business, you’ll have taken ownership of compliance and have a pragmatic compliance management system that will satisfy ASIC.

To see all our compliance manuals, tools and templates, visit our eStore.  For more information on what products are right for your business, get in touch - we'd be happy to help. 

Training

Responsible Managers Masterclass

Are you sure that your managers have enough knowledge of the AFS or NCCP requirements to keep you on the right side of the regulator?

Our licensing specialists run Responsible Managers Masterclasses for Responsible Managers, compliance managers and indeed any senior manager of a financial services or credit business.

It takes a full day, but includes lots of interactive activities to keep you on your toes. It covers the following areas:

  • The Role and Responsibilities of Responsible Managers – what it means to be a Responsible Manager, the qualifications and experience required, responsibilities and overall liabilities involved.
  • Regulation in the Financial Services Industry – who are the regulators and what do they do?
  • Providing Financial Services – what is a financial or credit service and what compliance and disclosure obligations apply?
  • AFS Licensees’ Obligations – an in-depth view of all the regulatory requirements that apply to financial services and credit businesses.

      News

      The Fold's frank take on issues affecting the financial services industry.

      The Federal Court handed down its decision in the matter of ASIC v RI Advice Group Pty Ltd. This blog analyses the Court’s interpretation of sections 912A(1)(a) and (h) of the Corporations Act 2001 (Cth) and discusses the implications for AFS licensees.

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      Purchasing an Australian financial service licence (AFSL) or an Australian credit licence (ACL) is an exciting opportunity to take your financial service business to the next stage of growth.

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      The Fold is delighted to be a finalist in the sixth annual edition of Fintech Australia’s 2022 Finnies award for the category, ‘excellence in support services’.

      Read More  

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