PIS rethink on compliance was key to emerging from EU with a clean bill of health
When Professional Investment Services (PIS) entered into an enforceable undertaking (EU) in 2010, the business was widely regarded as a basket case. The Australian Securities and Investments Commission (ASIC) had a long list of concerns with PIS, its systems and processes, painting a picture of a financial planning licensee seemingly struggling to do even the basic


Compliance