Hi, could i please have help for this question.

Which of the following is an example of a regulatory provision covered in the Corporations Act AND administered by ASIC?

A) a minimum standards of disclosure imposed on financial service companies when providing financial products to both retail and wholesale clients.

B) establishment of standards for those offering credit facilities.

C) the prudential standards that financial service companies, such as banks, must adhere to.

D) the framework in which a person or entity carrying on a financial services business is required to hold an Australian services license.

The information I have been given to work with is below:

Corporations Act

Despite attempts at simplifying the Corporations Act, it remains several thousand pages long. The Act is in five volumes. Of most significance to financial planners are Volume 1, which deals with the establishment and regulation of companies; Volume 3, which includes regulation of managed investment schemes; and Volume 4 Chapter 7, which regulates financial services and markets. Chapter 7 defines financial services and products and sets out the licensing requirements for providers of financial services and the standards for conduct and disclosure to retail clients. To help the entities it regulates to understand the legislation and ASIC's interpretations and expectations, ASIC issues Regulatory Guides (RGs). For example, Regulatory Guide 146 (RG 146) sets out the minimum training requirements for people who provide financial product advice to retail clients. The Corporations Act is so important to financial planners that it will be covered in more detail throughout the course.

Kind regards

Marco