Rules Mate

RG 256

Client review and remediation conducted by advice licensees

Issued 15 September 2016. This guide sets out our guidance on review and remediation conducted by Australian financial services (AFS) licensees who provide personal advice to retail clients (advice licensees).

In plain English

This guide explains how AFS licensees should review client advice and fix any problems found.

RG 256 applies to Australian financial services (AFS) licensees providing personal advice to retail clients. It outlines guidance on client reviews and remediation. Licensees must identify, assess, and fix issues. They must also report these issues to ASIC. The guide was issued on 15 September 2016.

Why it matters

If you're an AFS licensee, this guide helps you ensure client advice is appropriate. It reduces the risk of financial harm and improves customer outcomes. It’s important for maintaining trust and meeting regulatory obligations.

afslaclconductconsumer-protectionfinancial-advicebreach-reporting

AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.

Issuing regulator

ASIC

Topics


Source: https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-256-client-review-and-remediation-conducted-by-advice-licensees/. Rules Mate indexes + summarises; always verify against the regulator's live publication.