AFSL: Do you have multiple authorised representatives under your licence? - Lanterne Case Study

This video looks at:

• ASIC’s case against Lanterne Fund Services and its ‘licensee for hire’ model
• The key licence breaches and Court findings
• What the case reveals about:
  • Risk management and maintaining competence
  • Adequate resources and representative training
  • Taking reasonable steps to ensure compliance
• Practical lessons for licensees authorising representatives