(1) This regulation:
(a) is made for paragraph 963C(f) of the Act; and
(b) prescribes the circumstances in which a non-monetary benefit given to a financial services licensee, or representative of a financial services licensee, who provides financial product advice to persons as retail clients is not conflicted remuneration.
Note: For financial product advice , see subsection 766B(1) of the Act.
(2) The benefit is not conflicted remuneration if the benefit:
(a) has a genuine education or training purpose; and
(b) is relevant to the carrying on of a financial services business; and
(c) complies with regulations made for the purposes of subparagraph 963C(c)(iii) of the Act.