Another reprieve for foreign financial services providers (FFSPs): ASIC extends licensing relief 

ASIC has removed the requirement for certain FFSPs to hold an Australian financial services licence (AFSL) for an extra year, to 31 March 2023. This latest development in the on-again, off-again relief follows the Federal Budget announcement in May 2021.  The Government will consult on how it can: Restore legislated AFSL relief for FFSPs who […]

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ASIC: still slow, timid, uncertain

ASIC: still slow, timid, uncertain

Don't be fooled by ASIC's new approach. ASIC remains fundamentally a slow, timid and belatedly reactive regulator. It has sharpened its rhetoric and actions around pointy end enforcement, but change...

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