Last week, ASIC released its regulatory guide 273, the final guidance for the incoming Best Interests Duty for mortgage brokers.
In this episode of In Focus, host Annie Kane is joined by ASIC commissioner Sean Hughes to discuss the regulator’s new guidance on the incoming Best Interests Duty for mortgage brokers, why it’s essential reading for brokers and what it hopes to achieve.
In this episode, tune in to find out:
- The main updates between the draft and final versions of the guidance
- Why advisers should read and apply the duty even if they are not legally required to do so
- The most important elements of the guidance for brokers to understand
And plenty more!
Read the Regulatory Guide 273 Mortgage brokers: Best interests duty (RG 273)
