RG 166 AFS licensing: Financial requirements

Issued 29 April 2021

Note: Regulatory Guide 166 Licensing: Financial requirements is currently being updated to include guidance on the financial requirements for corporate directors of retail corporate collective investment vehicles (CCIVs). Among other changes, the updated guide will include an Appendix 10 for corporate directors of CCIVs. The updated version will be renamed ‘AFS licensing: Financial requirements’.

This guide sets out the financial requirements you must meet as the holder of an Australian financial services (AFS) licence. The requirements vary depending on the financial products and services you offer.

Information for licensees entering into a Deed of Subordination (Pro forma 63) or Deed of Mutual Release (Pro forma 225)

If you are a body regulated by the Australian Prudential Regulation Authority (APRA), as defined in s3(2) of the Australian Prudential Regulation Authority Act 1998 (APRA Act), and are not required to comply with s912A(1)(d) of the Corporations Act 2001 (Corporations Act), RG 166 does not apply to you.

Download RG 166 (PDF 1.1MB)

Read the regulation impact statement (PDF 338 KB)

Read the regulation impact statement (special custody assets) (PDF 383 KB)

Last updated: 12/09/2017 12:00