INFO 228
Limited AFS licensees: Advice conduct and disclosure obligations
This is Information Sheet 228 (INFO 228). It sets out the conduct and disclosure obligations that apply to a limited Australian financial services (AFS) licensee and, in some cases, a representative of a limited AFS licensee when providing advice to retail clients.
In plain English
INFO 228 explains the rules for limited AFS licensees when giving financial advice to retail clients.
INFO 228 applies to limited Australian financial services (AFS) licensees and their representatives. It outlines conduct and disclosure obligations when providing advice. These obligations cover how advice is given and what information must be shared with clients. It helps ensure advice is appropriate and clients understand the risks. This information sheet is available on the ASIC website.
Why it matters
If you're a limited AFS licensee, understand INFO 228. It ensures you meet your obligations when providing financial advice, protecting consumers and reducing compliance risk.
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Source: https://www.asic.gov.au/for-finance-professionals/afs-licensees/limited-afs-licensees/limited-afs-licensees-advice-conduct-and-disclosure-obligations/. Rules Mate indexes + summarises; always verify against the regulator's live publication.