A Responsible Manager is one of ASIC’s marvellous creations. As such, a Responsible Manager is not defined in legislation – a person will be deemed a Responsible Manager if they are nominated and meet the necessary qualification and experience requirements set out by ASIC in RG 105 and RG 206. In essence, a Responsible Manager is a key individual within a business that ASIC looks at to ensure that the licensee is “competent” to provide its financial services (in the case of an AFSL) or credit activities (in the case of an ACL).
Subscribe by Email
Very informative. Presenter made a dry topic quite entertaining.
I particularly liked the concise nature of the topic and its delivery.
Richard Oliver Underwriting Pty Ltd
Small group enabled questions to be asked that were relevant to us.
Hume Building Society
Flushed out the real issues - provided insight in how to conduct oneself as a RM.
Avenue Capital Management