News & Events

ASIC releases regulatory framework for foreign financial services providers

Following its consultation in July 2019, the Australian Securities and Investments Commission (ASIC) has unveiled its highly anticipated regulatory framework for foreign financial services providers (FFSPs). The introduction of the announced foreign Australian financial services licence (FAFSL) regime and funds management relief replaces the existing passport relief and limited connection relief for FFSPs and is likely to impact the funds landscape in Australia.

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