Question Cert IV in Mortage Finance and Broking

Q a. Describe the role of ASIC and the ASX as regulators of financial markets. b. How does ASX work with ASIC?

2. INFORMATION REQUIREMENTS a. RG 175 identifies the required information that financial advisers should seek before providing advice to clients. What are they?

b. What are the requirements for storing information? 3. PRIVACY ISSUES

a. Explain the responsibilities of an organisation to keep their data up-to-date. b. Outline the responsibilities of an organisation with respect to:

· Their policies for the management of personal information. · Disclosure of information held on those about whom organisations hold information.

c. Explain the restrictions on organisations for assigning identifiers (client numbers, etc). d. Explain the rights of individuals to anonymity in entering transactions.

e. Explain the conditions, under which sensitive information may be collected.

4. WHAT SKILLS WILL YOU NEED? Choose three performance objectives for yourself and use the skills audit below as another means of clarifying what skills you need to match the performance objectives you have set for yourself.