CBA Archives - The Industry Spread

ASIC Releases Final Report on CBA’s Compliance With Financial Advice Licence Conditions

April 13, 2019

ASIC had imposed additional conditions on the Australian financial services (AFS) licences of CBA’s Commonwealth Financial Planning Ltd and Financial Wisdom Ltd with the consent of the licensees in August 2014, and appointed KordaMentha Forensic as the independent expert to monitor the licensees’ compliance with the additional licence conditions.