Regulation

Call to add reasonableness standard

Monday 28th of October 2013

The revised draft of the new code was released this month, and submissions on it closed last week.

Among the changes made to the code were moves to make it clearer that code standard one – the requirement that advisers act in clients’ best interests – was the overriding concern, and changes to code standard five, regarding conflicts of interest, which simplifies rules around any conflict...

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