Information Sheet 250 Giving AFS and credit licensees information about their representatives
22 March 2021
ASIC has released Information Sheet 250 Giving AFS and credit licensees information about their representatives (INFO 250) for Australian financial services (AFS) licensees and Australian credit licensees.
INFO 250 outlines ASIC’s approach to giving licensees information about a representative. It covers:
- ASIC’s powers under section 916G of the Corporations Act 2001 and section 73 of the National Consumer Credit Protection Act 2009
- when ASIC may exercise these powers
- what kind of information ASIC may give to a licensee and what the licensee can do with the information
- ASIC’s procedural fairness obligations and processes.