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ASIC Corporations (Managed Discretionary Account Services) Instrument 2016/968
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ASIC Corporations (Managed Discretionary Account Services) Instrument 2016/968
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Turn the raw legal text into a practical explanation grounded in ASIC Corporations (Managed Discretionary Account Services) Instrument 2016/968.
The licensee must:
(a) have and maintain adequate documented measures to ensure compliance with the licensee’s obligations relating to the provision of MDA services by it in accordance with this Act; and
(b) lodge with ASIC, together with its annual financial statements under section 989B, a statement from a registered company auditor as to whether:
(i) the licensee has complied with the documented measures during the financial year to which the financial statements relate; and
(ii) the documented measures complied with this section during the financial year.