The Australian Securities and Investments Commission has finished monitoring Lionsgate Financial Group.

Extra conditions were imposed on the dealer group in 2013 after the regulator expressed concerns about compliance monitoring across its expanding adviser base.

Conditions included the appointment of an independent expert to review all aspects of compliance with licensee obligations, and to audit advice provided.

The expert made a number of recommendations to improve Lionsgate’s compliance arrangements, and following their implementation a second independent expert was engaged to ensure all reforms were embedded and sustainable.

A report by the second expert says Lionsgate has demonstrated a commitment to appropriate compliance arrangements and has shown they can be further developed internally.