In whose best interests? Regulating financial advisers, the Royal Commission, and the dilemma of reform

• Main Authors: LIU, Han-wei, LE, Toan, HE, Weiping, DUFFY, Michael
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2020
• Subjects: Banking and Finance Law; International Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/4398; https://ink.library.smu.edu.sg/context/sol_research/article/6356/viewcontent/SSRN_id3678359.pdf
• Institution: Singapore Management University

Following the Future of Financial Advice reforms, the ‘suitability’ and ‘appropriateness’ focus for financial advice has been relocated and supplemented by a ‘best interests’ focus in s 961B of the Corporations Act 2001 (Cth). Yet, as the Australian Government’s Royal Commission into Misconduct in t...