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

ASIC confirms restricted use of 'independently owned' in financial services

We have updated regulatory guidance to confirm restrictions, that were announced in June 2017, on the use of terminology that implies independence. 17-383MR. 14 November

More financial services releases

Podcast

Crowd-sourced funding

19 July 2017

ASIC Commissioner John Price joins the podcast to discuss recent law reform around crowd-sourced funding and ASIC's role in administering the new legislation.

Listen to the podcast 

 

Last updated: 20/10/2014 12:00