Are you thinking of annual of going to annual fixed term agreements?

Has the transitional FDS period got you confused?

1 July 2021 saw the introduction of new rules around Fee Disclosure Statements (FDS), replacing ‘disclosure day’ and ‘renewal notice day’ with ‘anniversary day’ and requiring advisers to issue an enhanced FDS to existing OFA clients before the end of the 12-month transition period.

At Cowell Clarke we help financial services businesses to navigate Australia’s evolving regulatory framework. Our team of financial services lawyers has real financial services expertise. We assist a broad range of financial services businesses with their AFS Licensing, ongoing compliance obligations and queries on an ongoing basis.

Our expertise includes:

  • Ongoing AFSL compliance support via an online portal
  • Advising clients on AFSL authorisations, breach reporting, best interests duty, and relief applications
  • Assisting with ACL and AFSL applications and variations
  • Assistance with ASIC notices, investigation and enforcement including suspension and banning orders
  • Developing and/or reviewing compliance policies and disclosure documents
  • Financial services regulatory advice
To know that we have all of our AFSL ‘collateral’ in one place, in the right place and that it is current, gives us great comfort in meeting our obligations under the Act and to the regulator. I would highly recommend Cowell Clarke's services to any AFSL holder.

Edwards Marshall Advisory Pty Ltd

Cowell Clarke provides us with a fully outsourced AFSL Compliance function. Utilising their specifically developed AFSL Compliance Portal and experienced staff they have effectively removed all AFSL compliance administration from our business whilst simultaneously ensuring we are appropriately managing compliance risk.

Philip Riquier, Director, Accord Property

We engaged Cowell Clarke to help us with our AFSL and Credit Licence Compliance obligations. We immediately found the Compliance Portal of great assistance when it comes to policies, registers, reminders and document storage.

Stewart Partners

We have found the Cowell Clarke portal a very useful resource for our limited AFSL needs, it has acted as a central point for information and retention of our key documents. We have also found the Cowell Clarke AFSL team to be most supportive in our endeavours and always available to assist with queries.

Tilbrook Rasheed

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