Essay FSC522 : The Regulatory Framework Report Writing – Management Assignment Help

Assignment Task:

Task:

Overview

This assessment assesses learning outcome 2:

• LO2: Apply legal obligations in a financial advice situation.

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Task 1

Read through case study 1 (Appendix 1) before attempting this task.

a) Regulated financial advice Does David give regulated financial advice in this situation? Give reasons for your answer. You are required to: • State whether or not David gives regulated financial advice in this situation.

• Cite and explain the relevant section(s) of the Financial Markets Conduct Act 2020 that supports your view. (50 words)

b) Privacy Act 2020 David collects personal information from Kate. Does he collect this personal information in accordance with the privacy principles? You are required to:

• Identify the four privacy principles that cover the collectionof personal information.

• For each of the four principles, illustrate, with reference to the case study, whether David complies with each principle. (100 words)

c) Optional benefit – hiring a car Kate is adamant that she made it clear she needed cover for the cost of hiring a car. Her comments suggest that Aotearoa Insurance may have breached consumer legislation. Which Act may it have breached and how? You are required to:

• Identify the Act that Aotearoa Insurance may have breached.

• Cite the two key sections of the Act that may have been breached. • Explain why these two key sections may have been breached. (100 word