VPro Lazorne is able to provide a wide range of corporate and financial services advice based on years of practical experience and our high level of knowledge and expertise.
Corporate
We are engaged in a wide range of corporate advice, mergers and acquisitions, shareholder agreements and commercial transactions. Our advice extends to publicly listed as well as private companies. We provide advice in relation to the Corporations Act and Regulations, the ASX Listing Rules and Corporate Governance. We assist clients in a wide range of different industries. Our advice includes guidance to companies, boards of directors and individual directors.
Financial Services
We provide advice about financial services requirements under the Corporations Act and Regulations which includes advice about financial products. Our work includes the drafting and preparation of Financial Services Guides, Product Disclosure Statement, Statements of Advice and marketing materials, as well as Client Agreements and other supporting documentation.
We advise in the preparation and submission of applications for Australia Financial Services licenses including guidance in relation to the licensing process and the preparation and review of supporting documentation. We provide guidance and advice about compliance procedures, requirements and processes to ensure ongoing compliance with license conditions. We also advise clients regarding compliance frameworks, monitoring programmes and checklists, as well as the establishment and functioning of compliance committees. This advice includes the preparation and documentation of policies, procedures and compliance plans and programmes as well as the development and implementation of appropriate compliance training practices and procedures.
Representatives of our associated company, Lazorne Group are experienced compliance professionals with the levels of skill needed to fulfill the roles and functions required to act as external members of compliance committees and to guide such committees.
The Lazorne Group also publishes a monthly regulatory update newsletter which provides comprehensive and timely information about developments and topical issues concerning corporate and financial matters in Australia. This is made available to our clients to assist them in keeping abreast of recent events, developments and/or upcoming changes in legislation that may impact their businesses.
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Funds Management
Our extensive experience in the area of Funds management (managed investment schemes) enables us to provide advice and guidance regarding:
· The establishment, operation and administration of management investment schemes
· Financial Service Regulation implications including licensing requirements
· Preparation, review and amendment of Trust Fund Constitutions
· Preparation, review and advice regarding Information Memoranda and Disclosure documents
· Preparation and advice about Investor Subscription Agreements
· The review, preparation of and advice regarding Fund Administration Agreements, Managed Discretionary Account Agreements and the like
· Liaison with regulators such as ASIC and ASX
· Review of ancillary documentation including marketing materials
· Advice about the application of the Corporations Act in regard to Managed Investment Schemes
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Anti Money Laundering and Counter Terrorism Legislation (AML/CT)
The AML/CT legislation applies to most reporting entities who provide designated services which include dealings in securities (such as Managed Investment Schemes), foreign exchange contracts and derivatives. The Act is designed to combat money laundering and the financing of terrorism. To achieve these objectives the legislation places obligations on “reporting entities” who are the providers of designated services.
Obligations imposed on reporting entities include in particular the collection of “know your customer” (KYC) information, the development of risk/based systems and controls, and the assessment of money laundering and terrorism financing risks posed by customers.
A central purpose of the legislation is to minimise the potential that designated services may be used for money laundering or terrorism financing purposes. Reporting entities are expected to develop their own risk management frameworks for the purpose of developing risk-based systems and controls and mitigation strategies.
We are able to provide extensive advice regarding the requirements and implications of the AML/CT legislation. Lazorne Group has developed a unique programme to assist clients to develop and demonstrate compliance with the appropriate information collection and risk assessment requirements imposed by the legislation, enabling clients to identify, mitigate and manage such risks.
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