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Why is it necessary to be PS146 (RG146) compliant?

April 26, 2017compliant necessary ps146 rg146

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Why is it necessary to be PS146 (RG146) compliant?

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PS146 (RG146) specified that all natural persons who provide financial product advice to retail clients must meet the training standards. This encompasses natural person licensees and natural person representatives of licensees. It also includes natural persons who are authorised by a corporate authorised representative of a licensee. You must meet the training standards if you want to provide advice to retail clients in any area or on any financial product.