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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.6 - LICENSING OF PROVIDERS OF FINANCIAL SERVICES    View history reference

Division 9 - Registers relating to financial services    View history reference

Subdivision B - Notice requirements relating to the Register of Relevant Providers    View history reference

SECTION 922HB  OBLIGATION TO NOTIFY ASIC OF NON-COMPLIANCE WITH CONTINUING PROFESSIONAL DEVELOPMENT STANDARD  

 View history reference

922HB(1)  

A notice must be lodged under this section, in accordance with section 922L, in relation to a person if, at the end of a financial services licensee's CPD year:


(a) the person:


(i) is the licensee; or

(ii) is authorised to provide personal advice to retail clients, on behalf of the licensee, in relation to relevant financial products; and


(b) the person is a relevant provider; and


(c) the relevant provider has not complied with section 921D during the licensee's CPD year.

Note 1: A financial services licensee may obtain information from a relevant provider under section 922N for the purposes of determining whether to lodge a notice under this section.

Note 2: Subsection 921D(1) requires certain relevant providers to meet the continuing professional development standard in subsection 921B(5).

922HB(2)  

The notice must state that the relevant provider has not complied with section 921D during the licensee's CPD year.


 



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