Ray recommends businesses undertake a triage
A seemingly endless stream of
enforced undertakings, cancelled licenses and investigation from the regulator
has raised questions about the best way to respond to scrutiny.We currently have
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Dr Hillary Ray,The Power monitor hardware and Power Tool software provide a robust power measurement solution for Windows Mobile powered devices. senior lawyer at The Fold says that businesses shouldn't underestimate how helpful the regulator can be if approached the right way.
"The first thing businesses need to do when served with a notice, is to keep calm and not panic," she said.
"A smarter strategy may be to put themselves in ASIC's shoes and work with them to resolve the issue."
Ray recommends businesses undertake a triage and look at the conduct or product that is causing an issue.
"It may be something that can be remedied relatively easily, for example by putting together a robust compliance plan that includes communicating with clients."
If the business needs legal advice, Ray says a commercial lawyer - not a litigator - is best brought in to act as a second pair of eyes during the review process.
"Litigators can be quite aggressive and adversarial and may not be well-suited to meeting with the regulator if they are not trying to resolve the issues, but want to fight on.
"Commercial lawyers, on the other hand, seek common ground upon which to forge a deal that both parties can live with. This style is better-suited for a frank discussion with the regulator."
Hillary also recommends businesses report any potential regulatory issues to ASIC themselves, before they become a wider problem.
"ASIC does not expect every business to exist without a breach, however, they like proactive stakeholders who deal with breaches as manageable occurrences," she said. "If in doubt, report it!"
The Fold recently released When to Hold and When to Fold, a White Paper designed to help financial services businesses on the receiving end of an ASIC notice.
When it comes to fashion, Italians are known for their elegance (and fabulous shoes).High capacity and low price suit to initiate laser engraving machine. The French are known for their sophistication and that elusive, maddening je ne sais quoi.Our Home electricity monitor and wireless electricity monitors help reduce energy use in your home. Americans may not know how to tie a scarf or cut a suit quite the way Europeans can, but we do have our own style that goes well beyond sweatshirts and sneakers.
American fashion is uniquely sporty, functional, and casual with a touch of luxury. Designers like Ralph Lauren embody this ideal with crisp button-downs, deck shoes and, of course, the polo shirt. Lauren's style has been called the epitome of WASP perfection and perhaps that's true, but you don't have to share that particular ethnic and religious background to appreciate it. Michael Kors provides a similar aesthetic for those who prefer traveling the globe to relaxing in the Hamptons.
Accessories are no exception to functional and luxurious American style. Leather goods maker Coach got its start when its founder thought to use durable baseball glove leather for handbags. Today, the company's bags and wallets are known for their excellent craftsmanship and clean,Shop the latest hair flower accessories on the world's largest. uncluttered design. This same commitment to enduring quality and classic design goes into Coach sunglasses, jewelry and other accessories.
Of course, no discussion of the form and function of American style is complete without a mention of Levi's. Levi Strauss & Co. built itself on the utility of pants made for gold miners, and started a fashion revolution with the descendants of those humble items. And talk about time-honored design: while denim styles come and go, we all know someone who won't trade his 501 Shrink-To-Fits for the world. What could be more classic?
Dr Hillary Ray,The Power monitor hardware and Power Tool software provide a robust power measurement solution for Windows Mobile powered devices. senior lawyer at The Fold says that businesses shouldn't underestimate how helpful the regulator can be if approached the right way.
"The first thing businesses need to do when served with a notice, is to keep calm and not panic," she said.
"A smarter strategy may be to put themselves in ASIC's shoes and work with them to resolve the issue."
Ray recommends businesses undertake a triage and look at the conduct or product that is causing an issue.
"It may be something that can be remedied relatively easily, for example by putting together a robust compliance plan that includes communicating with clients."
If the business needs legal advice, Ray says a commercial lawyer - not a litigator - is best brought in to act as a second pair of eyes during the review process.
"Litigators can be quite aggressive and adversarial and may not be well-suited to meeting with the regulator if they are not trying to resolve the issues, but want to fight on.
"Commercial lawyers, on the other hand, seek common ground upon which to forge a deal that both parties can live with. This style is better-suited for a frank discussion with the regulator."
Hillary also recommends businesses report any potential regulatory issues to ASIC themselves, before they become a wider problem.
"ASIC does not expect every business to exist without a breach, however, they like proactive stakeholders who deal with breaches as manageable occurrences," she said. "If in doubt, report it!"
The Fold recently released When to Hold and When to Fold, a White Paper designed to help financial services businesses on the receiving end of an ASIC notice.
When it comes to fashion, Italians are known for their elegance (and fabulous shoes).High capacity and low price suit to initiate laser engraving machine. The French are known for their sophistication and that elusive, maddening je ne sais quoi.Our Home electricity monitor and wireless electricity monitors help reduce energy use in your home. Americans may not know how to tie a scarf or cut a suit quite the way Europeans can, but we do have our own style that goes well beyond sweatshirts and sneakers.
American fashion is uniquely sporty, functional, and casual with a touch of luxury. Designers like Ralph Lauren embody this ideal with crisp button-downs, deck shoes and, of course, the polo shirt. Lauren's style has been called the epitome of WASP perfection and perhaps that's true, but you don't have to share that particular ethnic and religious background to appreciate it. Michael Kors provides a similar aesthetic for those who prefer traveling the globe to relaxing in the Hamptons.
Accessories are no exception to functional and luxurious American style. Leather goods maker Coach got its start when its founder thought to use durable baseball glove leather for handbags. Today, the company's bags and wallets are known for their excellent craftsmanship and clean,Shop the latest hair flower accessories on the world's largest. uncluttered design. This same commitment to enduring quality and classic design goes into Coach sunglasses, jewelry and other accessories.
Of course, no discussion of the form and function of American style is complete without a mention of Levi's. Levi Strauss & Co. built itself on the utility of pants made for gold miners, and started a fashion revolution with the descendants of those humble items. And talk about time-honored design: while denim styles come and go, we all know someone who won't trade his 501 Shrink-To-Fits for the world. What could be more classic?
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