Financial services

ASIC's regulatory guidance on compliance with the financial services regime.

The Corporations Act 2001 imposes:

  • a single licensing regime for financial sales, advice and dealings in relation to financial products,
  • consistent and comparable financial product disclosure,
  • and a single authorisation procedure for financial exchanges and clearing and settlement facilities.

The regulatory framework covers a wide range of financial products including securities, derivatives, general and life insurance, superannuation, margin lending, carbon units, deposit accounts and means of payment facilities.

We have released regulatory guidance in relation to the Future of Financial Advice (FOFA) reforms. We are continuing to monitor the progress of the relevant regulations, in light of ongoing government review of these reforms.

Related information

What's new

Regulation of digital financial product advice

ASIC has released a consultation paper and a draft Regulatory Guide on regulating digital financial product advice (also commonly known as robo-advice). 16-082MR, 21 March

Guidance on marketplace lending

ASIC has released guidance to help providers of marketplace (also known as 'peer-to-peer') lending products, including information about legal obligations. 16-081MR, 21 March

More financial services releases

Limited AFS licence - SMSF advice

Asic Logo Special Podcast 60X40

2 March 2016

From July 1 this year, accountants will need to have a limited AFS licence if they are providing SMSF advice. ASIC Commissioner Greg Tanzer talks about why this change is necessary and what it may mean for you.

Listen now or download

Last updated: 23/05/2016 10:54