Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:4:p6
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 4 (pt 6/60)
Character Range: 828896–831728

requirements in subsections 916F(1) and (3) of the Act;
 (d) a condition that the financial services licensee must maintain a record of the training (relevant to the provision of financial services) that each of its representatives has undertaken, including:
 (i) training undertaken after the representative became a representative of the licensee; and
 (ii) any training undertaken before the representative became a representative of the licensee to the extent that the financial services licensee is able to obtain the information by reasonable inquiry;
 (e) a condition that the financial services licensee must ensure that, before:
 (i) the financial services licensee authorises a person to provide a financial service on its behalf as mentioned in section 916A of the Act; or
 (ii) a body corporate that is an authorised representative of the financial services licensee authorises an individual to provide a financial service on behalf of the financial services licensee as mentioned in section 916B of the Act;
  reasonable inquiries are made to establish:
 (iii) the person's identity; and
 (iv) whether the person has already been allocated a number by ASIC as an authorised representative;
 (f) a condition that the financial services licensee must ensure that, if:
 (i) ASIC has allocated a number to an authorised representative; and
 (ii) the financial services licensee, or a body corporate that has authorised an individual to provide a financial service on behalf of the financial services licensee as mentioned in section 916B of the Act, lodges a document with ASIC that refers to the authorised representative;
  the document refers to the number.
 (g) a condition that the financial services licensees must provide a copy of an authorisation of any of its authorised representatives:
 (i) on request by any person; and
 (ii) free of charge; and
 (iii) as soon as practicable after receiving the request and, in any event, within 10 business days after the day on which it received the request;
 (h) a condition that the financial services licensees must take reasonable steps to ensure that each of its authorised representatives supplies a copy of its authorisation by the financial services licensee:
 (i) on request by any person; and
 (ii) free of charge; and
 (iii) as soon as practicable after receiving the request and, in any event, within 10 business days after the day on which it received the request;
 (i) a condition that, if a financial services licensee becomes aware of any change in control of the financial services licensee, the financial services licensee must lodge with ASIC, in the prescribed form, particulars of the change not later than 10 business days after the change;
 (j) a condition that, on the request of any person, the financial services licensee must make available a copy