Sophie Grace is a leading Australian firm specialising in both compliance and legal services to participants within the financial services and credit industries. We have serviced Australian and international clients across the financial sector for over a decade. From obtaining the required licences to operate your business to the provision of ongoing compliance support, many businesses have benefited from Sophie Grace’s extensive knowledge in the financial and credit space.
We take pride in our ability to offer tailored solutions to a broad range of businesses whilst keeping business practicalities and obligations to regulators at the forefront of our minds when delivering services and advice. Our consultancy services can equip you with assistance and clarity in your business endeavours.
ASIC has intensified enforcement actions against Responsible Managers who fail to meet 'fit and proper' standards, raising critical questions about competency, character, and regulatory compliance in financial services.
with Senior Company Executives, HR and Finance and Tax Executives
with readers working within the Insurance and Law Firm industries
ASIC has recently taken action against Responsible Managers (“RMs”) that it believes are not ‘fit and proper’. What does it mean to be fit and proper? A Responsible Manager must be fit and proper, meaning they must:
be competent to undertake their role; have the attributes of good character, diligence, honesty, integrity and sound judgement; must ...
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
