FSC522 - The Regulatory Framework Assignment Help

Assignment Task

Task

1: Hierarchy of the financial services framework

You have been asked to mentor a group of trainee advisers. One of your first tasks is to give a short presentation to the group on the hierarchy of the financial services framework. Prepare the text of your presentation explaining each of the following layers of the regulatory framework and providing one brief example of each:

• Legislation (Acts)

• Regulations

• Codes of practice 

• Principles of professionalism

• Good conduct. 

 2: The six-step advice process

For this task assume you are a financial adviser giving regulated financial advice to one of your clients in one of the following areas:

• Investments

• Life and health insurance

• General insurance

• Residential property lending.

Each step in the six-step advice process has a specific purpose, and documentation plays a key role in completing each step. Throughout the process you must comply with a range of legislation.

You are required to:

a. Identify each step in the six-step advice process.

b. Explain the purpose of each of the steps in the six-step advice process.

c. Identify one piece of documentation that you will use to complete each step and explain why the document is required.

d. For each step in the process, describe one example of an activity that is relevant to the step and consistent with legislation. Across the six steps, use at least four different sections of legislation and clearly align with your choice. (600 words)

3: The Code of Professional Conduct for Financial Advice Services

a) Standard 9 of the Code of Professional Conduct for Financial Advice Services (the Code) requires all advisers to undertake continuing professional development (CPD).

You are required to:

i. Create a CPD plan. Alternatively, you may submit your current CPD plan, provided it meets the criteria set out below.

ii. The plan must include at least five activities, which must be a combination of formal and self-directed learning.

iii. The plan must include the following information. Table format is preferred, but not compulsory:

b) Standards 1-5 set out the standards for client care and ethical behaviour. For each of Standards 1-5, provide one example of how you comply with that standard in your role as an adviser. If you are not an adviser, choose an adviser role from one of the following areas:

• Investments

• Life and health insurance

• General insurance

• Residential property lending.

4: Principles of professionalism

Read through case study – Tohutohu Mokete Limited (TML) (Appendix 1) before attempting this task.

You are required to:

• Select six principles of professionalism.

• For each principle selected, provide an example from the case study (background information and transcript) that illustrates compliance with that principle. 

5: Good conduct

For this task assume you are one of three directors at Aotearoa Financial Planning (AFP), a financial advice provider. You are all financial advisers and manage your own portfolio of clients. The business also employs 12 other financial advisers and nominated representatives, each with their own clients, and two support staff. As directors, you are currently developing a good conduct strategy for the business. This will be based on the Financial Markets Authority’s five factors of Good Conduct profile. For each of the five factors of Good Conduct you are required to:

a. Identify the factor.

b. Outline two processes or policies for AFP that support each factor

This FSC522 - Accounting and Finance Assignment Help has been solved by our Accounting and Finance Experts at My Uni Paper. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.