An extremely busy schedule awaits the Australian Securities and Investments Commission (ASIC) after the government charged the agency with the daunting task of laying out the foundation work and action plans for the Future of Financial Advisor (FOFA) regulations, expected to be fully implemented by July 2013. The final version of the new FOFA regime will be a game changer for the financial advisory industry, resulting in the reshuffling of the intermediary sector - through which many of the cou