Released 21 September 2001. Comment closed 29 October 2001.

This policy proposal sets out some of the financial requirements we propose you will have to meet to receive and keep an Australian Financial Services Licence (licence), given the products and services you offer.

It explains:

• our general approach to financial requirements (Section A);
• what financial requirements apply to licensees generally (Section B);
• what additional requirements apply (Section C) to licensees that are:
  • responsible entities,
  • investor directed portfolio services (IDPS) operators; or
  • operators of other custodial or depository services; and
• what financial requirements apply to market participants (Section D).

Schedule 1 defines key terms used in calculating financial

requirements for licensees.

Download CP 25 (PDF 206 KB) | Read the media release