7. Describe a code of practice or code of conduct that applies to mortgage brokers.

Include the full title of the code of practice, write a brief summary of what it covers (one or two sentences are fine) and describe how you would apply this guide.

8. Briefly explain (in no more than two sentences each) at least two (2) key requirements of the law and codes of practice involved with:

Consumer credit in relation to the NCCP.

9. Briefly explain (in no more than two sentences each) at least two (2) key requirements of the law and codes of practice involved with:

-Privacy legislation. Describe the requirements with regard to consumer privacy

10. Briefly explain (in no more than two sentences each) at least two (2) key requirements of the law and codes of practice involved with:

Financial transaction reporting to AUSTRAC. Describe the reporting requirements with regard to finance broking, lending or banking.

11. Briefly explain (in no more than two sentences each) at least two (2) key requirements of the law and codes of practice involved with:

Corporations in general as detailed on the regulator's website.Describe the requirements that apply to the management of corporations (companies).

12. Briefly explain (in no more than two sentences each) at least two (2) key requirements of the law and codes of practice involved with:

Financial services as detailed on the regulator's website. Describe the requirements that apply to financial services other than finance broking/credit services.

13. Communicating with clients should be undertaken in a different style to communicating with organisations. Communication styles can be in broad terms conversational, corporate or formal. Describe the different conventions and protocols including communication style considered most appropriate when communicating with:

• A client
• A bank
• A regulator (such as AFCA or ASIC)

Describe the communication style and any adjustments for values, beliefs or cultural expectation of others.

14. Describe at least two (2) Ethical requirements or considerations involved with working as a Finance Broker.

15. You have identified in the above activity questions a range of compliance requirements in your role as Manager Finance Broking with MIFS. To check your work for compliance, it is a good idea to have a checklist.

Your task is to prepare a checklist to cover Legislation, Regulations, Codes of Practice and Ethics.

The checklist should be titled "Regulatory compliance checklist" and be prepared in a table form with column headings such as:

Regulation/requirement	Description of check	Result	Date checked
Example NCCP	Example Compliance with Responsible lending obligations	Example Satisfactory	Example 01/01/20XX