From testing complex algorithms to mandating responsible managers for companies, the corporate regulator is seeking feedback on proposals to regulate the rapidly growing robo-advice sector.
The Australian Securities and Investments Commission (ASIC) unveiled a draft regulatory guide on Monday for a growing number of companies providing robo advice, which involves financial advice based on algorithms and technology.
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Ruth Liew writes on business specialising in Insurance, wealth management and financial services. Ruth is based in our Sydney newsroom. Connect with Ruth on Twitter.
