An update from the Code team (My comments in italics)
The Code Compliance and Monitoring team is a separate business unit of FOS. Our purpose is to assist the independent administration and monitoring of compliance with industry Codes of Practice in the financial services sector.
We assist in monitoring the Code of Banking Practice, the Customer Owned Banking Code of Practice. There are 694 financial services providers that subscribe to these four Codes.
Code monitoring activities in the banking, customer owned banking are overseen by Code Compliance Committees which comprise an independent Chair, a consumer representative and an industry representative. These committees operate independently of the respective industries and have powers and functions to identify and address non-compliance with Code obligations. FOS provides secretariat services to each of these committees.
Code of Banking Practice
The annual report for the Code Compliance Monitoring Committee (Banks) was published on...
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We were never given a reason for the decline just told NO. The assessor was completely familiar with the business we were buying. -
I never knew about the DECLINE If I only I was told, I wouldn't be here today going through this shit of a time. BASTARDS KARMA I
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It's a disgrace. I guess it's in my favour that SILLY ANZ have sent me the DECLINE documents. May there be a showdown in my favour
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Forgot to put in this as well Gfs246. Nab could not locate the 2nd file the Broker LAF as well. So all up Nab could not locate
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NAB should be first on the stand for Royal Commission (and in the dock) to explain why they refuse to hand over client files.