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.
- Regulatory index – Financial services
- Latest releases - Financial services
- AFS licensees: Applying for and managing your licence
- Giving advice: Read our guidance on giving financial advice
- Training: Minimum training standards that apply to advisers
- Disclosure: Financial product disclosure
- Dispute resolution: The key features of such a dispute resolution system
- Breach reporting: Licensees must notify ASIC of any 'significant' breach (or likely breach) of their obligations
- Relief: ASIC can grant exemptions from or modifications to the law in certain situations.
- Specific services - crowd-sourced funding, marketplace lending, credit rating agencies, carbon markets, financial advisers providing tax advice
- Changes you must tell us about