The Australian Securities and Investments Commission (ASIC) has released technical updates to three policy statements, a guidance paper and several class orders relating to financial services providers.

The updated policy statements include product disclosure statements (PDSs) and other disclosure obligations (PS168); licensing details for financial product advisers – conduct and disclosure (PS175); and dollar disclosure (PS182).

ASIC says the policy statements and guides take account of December 2005 amendments to the Financial Services Reform Act. “The amendments are of a minor and technical nature and do not raise new policy issues.”