AFS licensees

You must have an Australian financial services (AFS) licence to conduct a financial services business.

If you carry on a business of providing financial services, you must hold an AFS licence (unless you are exempt or are authorised to provide those services as a representative of another person who holds an AFS licence).

You may need an AFS licence if, as part of your business, you:

  • provide financial product advice to clients
  • deal in a financial product
  • make a market for a financial product
  • operate a registered scheme
  • provide a custodial or depository service, or
  • provide traditional trustee company services.

You will need to have your AFS licence or be a representative of a licensee from the day you start your financial services business. Depending on your business, you may  decide to apply for a limited AFS licence.

ASIC assesses applications for AFS licences as part of our role as regulator of the financial services industry.

Consumers should be aware that the licensing process is a point-in-time assessment of the licensee, not of its owners or employees. Holding an AFS licence does not guarantee the probity or quality of the licensee’s services.

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Last updated: 09/10/2014 12:30