More Flexible FSG Requirements

The way financial advisers can give their clients a Financial Services Guide ("FSG") has been amended. These changes also apply to providers of general advice. Essentially, financial advisers may give their clients a FSG or make the FSG information publicly available on their website – known as "website disclosure information".

Website disclosure information must comply with the following requirements:

• contain the same statements and information that would be required in an FSG;
• can appear across different locations or parts of the provider's website, and can take any form (written or graphic, files etc.);
• be freely available to the public, meaning that it must not be password protected or accessible only to persons who have created an account or paid a subscription;