Explain the following to Bettina and Gordon: (a) What authorisations is Winsome likely to need in...
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Explain the following to Bettina and Gordon: (a) What authorisations is Winsome likely to need in its Australian financial services licence (AFSL) and why? (5 marks) (b) (i) (c) (d) (e) (ii) What training and competencies will Winsome need to demonstrate collectively in order to obtain an AFSL? (5 marks) Is Winsome likely to have the expertise and experience required to obtain an AFSL? If you do not have sufficient information to advise them, what additional information do you need to make a decision? (4 marks) Assuming Winsome decides to expand their market to include retail clients before 31 December 2020, what will Winsome be required to do? (5 marks) Outline three significant disclosure obligations that Winsome will have to meet as part of its disclosure regime once it provides services to a retail clientele. (6 marks) If Winsome fails to meet its disclosure obligations to its new clients, what are two possible outcomes ASIC might seek against Winsome? Refer to relevant legislative provisions in your answer. (5 marks) Explain the following to Bettina and Gordon: (a) What authorisations is Winsome likely to need in its Australian financial services licence (AFSL) and why? (5 marks) (b) (i) (c) (d) (e) (ii) What training and competencies will Winsome need to demonstrate collectively in order to obtain an AFSL? (5 marks) Is Winsome likely to have the expertise and experience required to obtain an AFSL? If you do not have sufficient information to advise them, what additional information do you need to make a decision? (4 marks) Assuming Winsome decides to expand their market to include retail clients before 31 December 2020, what will Winsome be required to do? (5 marks) Outline three significant disclosure obligations that Winsome will have to meet as part of its disclosure regime once it provides services to a retail clientele. (6 marks) If Winsome fails to meet its disclosure obligations to its new clients, what are two possible outcomes ASIC might seek against Winsome? Refer to relevant legislative provisions in your answer. (5 marks)
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a Authorisations Winsome is likely to need in its Australian Financial Services Licence AFSL and why 1 Financial Product Advice Winsome will likely need authorisation to provide financial product advi... View the full answer
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