Professional Development Australia-regulatory guide 221 facilitating online financial disclosures

Select Industry
Regulatory Guide 221 - Facilitating online financial disclosures CPD

ASIC aims to facilitate the online delivery of financial services disclosures.

To facilitate the use of online disclosure, ASIC has:
•   Explained how delivery methods can be used relying on the online disclosure provisions under Pts 7.6–7.9 of the Corporations Act 2001 (Corporations Act);
•   Given class order relief in Class Order [CO 10/1219] for Product Disclosure Statements (PDSs), Financial Services Guides (FSGs) and Statements of Advice (SOAs); and
•   Explained whether a provider is required to obtain a client’s express consent before delivering disclosures online (see Section B).

ASIC have also given good practice guidance on online disclosure to ensure that clients continue to receive clear, concise and effective information where disclosures are delivered online (see Section C).

The appendix summarises how different types of financial services disclosures can be delivered online under the law.

Guidance and relief for online disclosure

This section sets out:
•   How delivery methods can be used to deliver disclosures online (see RG 221.15–RG 221.27);
•   ASIC’s relief in [CO 10/1219] for PDSs, FSGs and SOAs (see RG 221.21–RG 221.25); and
•   Whether a provider is required to obtain a client’s express consent before delivering disclosures online (see RG 221.28–RG 221.31).

Good practice guidance

ASIC encourages providers to apply their good practice guidance when delivering disclosures online. In some cases, good practice guidance reflects regulatory requirements for delivering certain financial services disclosures.






For the online delivery option, you will need to have access to a computer with an internet connection.



Your enrolment is valid for a period of twelve months.



1 online multi-choice assessment



CPD Hours - 1



Enrol Now

Student Info – AAMC Training Policies

Do you qualify for Credit Transfer /RPL


  • Unit 5, 17 Foley Street
    Balcatta WA 6021

    Phone: + 61 8 9344 4088
    Fax: + 61 8 9344 4188

System Requirements

  • What computer and software will be needed?
    • Windows XP or Linux based computer with internet connection.
    •  Internet Explorer 8.0 and above OR Mozilla Firefox
    •  Quick Time Player 4 and above
    •  Acrobat reader 6 and above
    •  Adobe Flash Player
    Download speeds
    •  Min 2 Mbps or above speed is required for running video