Financial services
ASIC's regulatory guidance on compliance with the financial services regime.
The Corporations Act 2001 imposes:
- a single licensing regime for financial sales, advice and dealings in relation to financial products,
- consistent and comparable financial product disclosure,
- and a single authorisation procedure for financial exchanges and clearing and settlement facilities.
The regulatory framework covers a wide range of financial products including securities, derivatives, general and life insurance, superannuation, margin lending, carbon units, deposit accounts and means of payment facilities.
We have released regulatory guidance in relation to the Future of Financial Advice (FOFA) reforms. We are continuing to monitor the progress of the relevant regulations, in light of ongoing government review of these reforms.
Related information
- AFS licensees: Applying for and managing your licence
- Disclosure: Financial product disclosure
- Dispute resolution: The key features of such a dispute resolution system
- Giving advice: Read our guidance on giving financial advice
- Media releases - Financial services
- Regulatory tracker
- Relief: ASIC can grant exemptions from or modifications to the law in certain situations
- Reportable situations: Licensees must notify ASIC of all situations that are reportable
- Specific services - crowd-sourced funding, marketplace lending, credit rating agencies, carbon markets, financial advisers providing tax advice
- Training: Minimum training standards that apply to advisers
