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Nova Solutions - Financial Services Industry Information

Financial Services Industry Information

There are almost 4000 Australian Financial Services License holders spanning a diverse range of financial products and services from financial planning, stockbroking and insurance through to funds managers and futures brokers. Whilst licensees obligations vary with the types of products and services they offer, all licensees have the same basic obligations to establish appropriate risk management and compliance systems as well as ensure that they have adequate human, technology and financial resources.

Business Driver

Nova Solutions™ Benefit

All AFSL holders must comply with their license conditions which includes the obligation to implement risk management and compliance systems.

Nova Solutions™ Fundamentals provides detailed Risk Management and Internal Control Programs which can be easily tailored to an organisations individual requirements. Nova Solutions™ Assurance makes risk and compliance functions come alive within your organisation.

ASIC and APRA have steadily increased their surveillance activities in recent times and now it is really not a matter of "if" your systems will be tested it is a matter of "when".

With Nova Solutions™, Risk and Internal Controls can be seen, measured, reviewed, improved and defended.

The Corporations Act and ASIC Policy Statements provide detailed obligations against which an AFSL holder must comply.

Nova Solutions™ Assurance comes pre-packaged with detailed compliance checklists to assist your organisation comply with this vast array of obligations. Better still we have translated these obligations into plain english questions to be delivered to responsible individuals via email.

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