By Compli-Serve
The Financial Intelligence Centre has released draft Public Compliance Communication 5E for consultation. While the PCC itself does not introduce new obligations, it provides practical guidance on how accountable institutions must comply with draft Directive 10 by updating their FIC registration information to reflect the geographic locations of ...
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By Compli-Serve
Draft PCC 5E goes further than simply explaining how to update FIC registration details. It signals a clear shift in how the FIC expects accountable institutions to structure, evidence and govern their presence across jurisdictions and business lines.
At its core, the PCC reinforces that FIC registration is ...
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By Compli-Serve
The draft Public Compliance Communication (PCC) 5E represents a material shift in how the Financial Intelligence Centre expects accountable institutions to approach registration, reporting, and overall compliance posture.
At its core, PCC 5E makes it clear that registration is no longer a once-off administrative exercise. It is a ...
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By Lee Rossini
Providing value to clients in a financial advice business goes beyond selecting investment products or delivering market updates. Because financial services are largely intangible, the concept of 'value' must be intentionally defined, consistently delivered, and clearly demonstrated. Value is not what financial advisers think is important; it is what the client perceives as beneficial relative to the cost, effort, and trust they invest. For many clients, value includes clarity about their financial situation, a sense of control over their future, and reduced anxiety about uncertainty. It also includes having a professional who listens, understands their goals, and acts in their best interest. At its core, value for clients means helping them achieve meaningful life outcomes such as financial security, peace of mind, and confidence in their future through informed, personalised, and trustworthy financial advice.
Subscribers are reminded that they can complete monthly CPD quizzes and claim CPD hours before the 31 May deadline. View the CPD FAQs for more on accessing the CPD quizzes.
