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Regulation

Regulation to force MDA licensees out of business

Radical changes to the regulation of managed discretionary accounts (MDA) being proposed by the Australian Securities and Investments Commission will result in major consolidation of the industry, according to director of managedaccounts.com.au Don Sharp. Sharp, who co-founded managedaccounts.com.au and Bridges Financial Services in the 1990s, said the regulator’s proposal to make MDA operators hold net […]