The CNM Legal Podcast

Solicitors Jessica Bauers and Alanah McAliece to explain the vital role of Responsible Managers (RMs) for an Australian Financial Services Licence (AFSL). The discussion covers what an RM is, how ASIC assesses their qualifications and experience (including the 'responsible manager matrix' and RG 105), the difference in the appointment process when applying for a new license versus replacing an existing RM, their core day-to-day responsibilities, and the accountability RMs face from ASIC if they fail to actively perform their duties.

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In this episode, our guest Mark Wist from Property Resolutions joins us to discuss the potential pitfalls of raising capital for development projects, how to avoid them and what can happen when you get it wrong. We discuss topics like the problems trying to use exemptions from financial services laws to raise capital and operate investment vehicles,  AFS licensing requirements for developers, and the dangers of false advertising claims when selling the investment.

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There has been considerable regulatory uncertainty around exemption relief for offshore fund managers since 2020. With a probable decision looming in April 2025, Chris Mee of CNM Legal runs us through what’s expected to change when it comes to relief instruments, and how offshore fund managers should prepare.

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Today we speak with Chris Mee who is a specialist financial services lawyer at CNM Legal about a recent case that is going to have significant ramifications for the financial services industry.  I’ll be talking to Chris from time to time about other important things affecting the financial services industry as and when they arise.’

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