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Showing 1 - 6 of 6 results for "Foreign Financial Services Providers"

ASIC updates and reissues RG 121

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... references to expired or repealed AFS licensing relief, including class relief granted by ASIC to foreign financial services providers and foreign collective investment schemes. In addition, the new guidance has amended descriptions of AFS licensing ...

Treasury consults again on FFSP exemptions

JAMIE WILLIAMSON  |  TUESDAY, 8 AUG 2023
... government opened fresh consultation on its plans to introduce new licensing exemptions to foreign financial services providers. Treasury has opened consultation on Treasury Laws Amendment (Measures for Future Bills) Bill 2023: Licensing Exemptions for ...

ASIC to offer AFSL relief to overseas firms

HARRISON WORLEY  |  THURSDAY, 4 JUL 2019
... undertake a certain amount of activities in Australia. In its current form, the cap will limit foreign financial services providers (FFSP) from earning any more than 10% of their annual aggregated consolidated gross revenue from the provision of funds ...

ASIC extends relief to foreign financial services firms

KARREN VERGARA  |  MONDAY, 24 SEP 2018
... Instrument 2016/396, CSSF-Regulated Financial Services Providers Instrument 2016/1109 and Foreign Financial Services Providers-Limited Connection) Instrument 2017/182. Separately, ASIC is calling for improvements in the disclosure practices of listed ...

Barclays fined following ASIC investigation

JAMIE WILLIAMSON  |  FRIDAY, 24 MAR 2017
... licensing exemption. The entities were also forced to donate $500,000 to The Ethics Centre. "Foreign financial services providers relying on a class order licensing exemption must have effective and enduring measures to ensure compliance with the conditions ...

Wholesale foreign financial service providers get ASIC relief

... financial regulators under ASIC Policy Statement 176: Licensing: Discretionary Powers - wholesale foreign financial services providers (PS 176)', ASIC Director, Regulatory Policy, Mr Mark Adams, said.
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