February top 3 actions for AFSLs
With the holiday season behind us, now is the time to start planning for 2024.
AFSLs need to plan for and take action on some tasks which were announced last year. Whilst we have focused on the top 3, January is also a great time to:
Assess and develop your cyber plan (see this resource for Cyber resilience good practices | ASIC)
Budget for ASIC levies.
Top 3 Actions for Feb
By 1 Feb 2024: Register Financial Advisers on ASIC via ASIC Connect
Tip: Refer to Info Sheet 276 and 277 for further information. If you are unsure of whether an individual is registered/needs to be registered, you can view their registration status via FAR: Financial advisers register at Moneysmart.gov.au.
By 29 Feb 2024: IDR report lodgement to ASIC (first report for third tranche firms)
Tip: For information on when/how to make lodgements refer to IDR reporting.
Update your policies & frameworks to reflect recent regulatory changes
Tip: Don’t forget about recent changes to reportable situations.
If you need help understanding what these changes mean for your business, why not book a call with a Tangelo consultant.