International cooperation and referrals

ASIC understands that innovation in financial services is not confined by national borders and that some business ideas will want to scale up internationally. The Innovation Hub has signed co-operation agreements with overseas regulators to assist innovative FinTech businesses make ventures into international markets. The process for obtaining a referral from ASIC is set out below.

FinTech is global. ASIC can help you expand by formally referring you to our regulatory counterparts overseas.

The Innovation Hub has signed a number of international FinTech co-operation agreements that aim to assist innovative businesses in Australia make ventures into international markets.

These agreements will help break down barriers to entry by enabling ASIC to refer FinTech start-up businesses to international regulators to efficiently establish initial discussions and receive informal assistance on the regulatory environment they may face.

Referral and information sharing agreements

Canada - ASIC-OSC cooperation agreement

United Kingdom - ASIC-FCA cooperation agreement

Singapore - ASIC-MAS cooperation agreement

Hong Kong - ASIC-HKSFC cooperation agreement

Information sharing agreements

Indonesia - ASIC-OJK cooperation agreement

Kenya - ASIC-CMA cooperation agreement

Requesting a referral

To request a referral, please complete the following form:

International referral request form

To qualify for the support offered by the agreement, businesses will need to meet the ASIC Innovation Hub's eligibility criteria.

Depending upon your specific circumstances, the Innovation Hub may need to request further information on your business prior to making a referral.

Your responses to the questions in this form will help ASIC form a view on your business and its eligibility to receive a referral.

Submit any questions and/or your completed form (with any relevant attachments you wish to include) to us at innovationhub@asic.gov.au.

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News

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Hong Kong and Australia seal agreement on fintech cooperation

13 June 2017

The Hong Kong Securities and Futures Commission and ASIC have signed a Co-operation Agreement which provides a framework for cooperation to support and understand financial innovation in each economy.

Read the media release

ASIC proposes next steps on regtech
27 May 2017

ASIC will establish a new regtech industry liaison network, conduct a number of new technology trials using regtech applications and establish a 'hackathon' later this year to help identify roadblocks to the successful and rapid take-up of the sector.

Read the report

More news

Events

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Discussing ASIC's regulatory sandbox
13 June 2017

ASIC has launched a regulatory sandbox environment, designed to help fintechs develop and test their ideas. It includes a world-first class waiver that allows eligible businesses to test certain services for up to 12 months without an Australian financial services or credit licence.

ASIC Commissioner John Price, and Senior Executive Leader Mark Adams will explain how it works, who is eligible and address questions.

Find out more

Podcasts

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Mark Adams on ASIC’s Regtech Roundtable

The roundtable facilitated discussion on the current regtech landscape and its development and future potential to promote good risk management and compliance outcomes, and drivers and barriers to regtech in Australia, including what the industry and ASIC can do to help promote the development and application of regtech.

Listen now or download for later

Last updated: 15/06/2017 03:22