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

Action on deficient advice on complex structured investment products

ASIC concerns about financial advice relating to complex products has led to 10 licensees undertaking corrective action. 15-036MR. 24 Feb

ASIC enquires into risk management by responsible entities

We are making enquiries into a number of responsible entities of registered managed investment schemes regarding their risk management practices. 15-020MR. 13 Feb

Update on the implementation of ASIC register for financial advisers

We are well advanced with work on an industry-wide public register of financial advisers to be up and running at the end of March. 15-021MR. 11 Feb

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ASIC Deputy Chairman Peter Kell talks about breach reporting.

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Last updated: 26/02/2015 02:20