Thursday November 24 2016

News Source: Global Disclosures

Focus: Foreign Investment

Type: General

Country: Australia




Please be advised that responses to the Australian Securities and Investments Commission’s (ASIC) consultation paper 26 seeking feedback on proposals to repeal Class Order [CO 03/824] Licensing relief for financial services providers with limited connection to Australia dealing with wholesale clients are to be received by 02 December 2016.

The consultation provides an update for foreign financial services providers (FFSPs) and other relevant stakeholders on:

  • The temporary extension of relief for FFSPs from the UK, US, Germany, France, Singapore and Hong Kong that provide a range of financial services to Australian wholesale clients; and
  • plans to comprehensively review relief for FFSPs during the extension period.

Click the link at the top of the page for further information.