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 cooperation 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

UAE - ASIC-Abu Dhabi FSRA cooperation agreement

Canada - ASIC-OSC cooperation agreement

United Kingdom - ASIC-FCA cooperation agreement

Singapore - ASIC-MAS cooperation agreement

Hong Kong - ASIC-HKSFC cooperation agreement

Malaysia - ASIC-SC cooperation agreement

Information sharing agreements

Indonesia - ASIC-OJK cooperation agreement

Kenya - ASIC-CMA cooperation agreement

Exchange of letters

Japan - ASIC-JFSA cooperation framework

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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Abu Dhabi and Australia seal agreement on fintech cooperation
26 July 2017

The Abu Dhabi Global Market Financial Services Regulatory Authority and ASIC  have signed a Cooperation Agreement which provides a framework for cooperation to support and understand financial innovation in each jurisdiction.

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Malaysia and Australia seal agreement on fintech cooperation
29 June 2017

On 27 June 2017 the Malaysia Securities Commission ('SC') and ASIC signed a Cooperation Agreement which provides a framework for cooperation to support and understand financial innovation in each economy.

Read the media release

Japan and Australia cooperate on fintech
23 June 2017

The Japan Financial Services Agency ('JFSA') and ASIC today announced the completion of a framework for cooperation to promote innovation in financial services in Japan and Australia.

Read the media release

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Crowd-sourced funding

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.

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Last updated: 26/07/2017 04:24