AU-1.1.18

When undertaking either of the regulated investment services listed under Rule AU-1.1.17, Category 3 investment firms:

a) Must be independent;
b) May not hold any client assets;
c) Must refrain from receiving any fees or commissions from any party other than the client; and
(d) Must not have an 'agency' relationship (tied agent) with an investment provider.
Amended: October 2016
Amended: October 2009
April 2008
Amended: July 2007