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GRC Professional : GRC Winter 2012
PRODUCT NEWS Financial services complia nce consu lting firm, GFIN Blue, has noted confusion and uncertainty amongst its clients around regulatory obligations under the Clean Energy Legislative Package. Once an emissions unit was defined as a financial product and thus subject to the licensing provisions of the Corporations Act 2001, there was a sense of urgency to establish the related guidance within a reasonable period of time prior to the 1 July commencement of the legislation. ASIC had no choice but to introduce a rolling transitional period for those licensees who wished to participate in carbon markets. For those entities who registered their interest to vary their AFS Licence, or for those in the process of submitting an AFS Licence variation, there lies the important issue of training and education. As emissions units have not been previously regulated, no formal training requirements are in place for advisers who provide fi na nc ial product advice for these product s. Holder s of an Australian Financial Services Licence must ensure that they and their representatives are adequately trained a nd com petent to provide the fi na ncial ser v ices covered by their Licence. GFIN Blue can tailor a training program that takes into account the needs and requirements of your represent atives i n AFS Licences. For more in for m ation , v isit www.gfin.com.au and click ‘training’. Carbon compliance: reduce risks with GFin Blue training PAN Software’s RiskWare has taken out top honours in The Australian Business Awards for 2012, winning in all its three categories’ nominations: product design, product excellence and product innovation. The prestigious and comprehensive awards program engages with leading corporate, government and non-profit organisations across a range of key industries. Entries are assessed benchmarking the full spectrum of organisational performance and product management to identify the industry leaders for each award category and industry classification. Tara Johnston, Program Director, The Australian Business Awards said: “These types of accolades don’t come easily – they are underpinned by vision and leadership, both of which require a clear dedication to research and development.” PAn’s riskware lauded in 2012 Australian Business Awards ADVERTORIAL ADVERTORIAL 9
GRC Autumn 2012
GRC Spring 2012