A framework for a better future
Deloitte's response to ASIC Consultation Paper 247 on Review and Remediation Programs
In December 2015, the Australian Securities and Investment Commission (ASIC) released Consultation Paper 247 (CP 247) Client review and remediation programs and update to recordkeeping requirements. Deloitte is broadly supportive of the proposed guidance and believe that, once consultation is complete, it will provide the framework for a better future. Based on our experience of remediation, we have identified five pillars essential to a successful remediation program.