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ASIC Down to Final Batch of Limited AFS Licence Applications

Posted on July 11th, 2017 by Sophie Gerber in AFSLs

The corporate regulator has distributed a raft of draft limited AFS licences as it works on finalising the last of the remaining applications.

An ASIC spokesperson confirmed to SMSF Adviser that as of 7 July 2017, ASIC had offered 30 applications a draft Limited Australian Financial Services licence and it is “awaiting further mandatory basic documentation from those applicants in order to complete the applications”.

“ASIC is still assessing another six applications,” an ASIC spokesperson said.

Read More on SMSF Adviser or in PDF on our Media Page.

Alicia Pevely

Alicia works with Sophie Grace Pty Ltd with a particular focus on compliance and legal services. She assists clients with AFSL and ACL applications, variations and also assists in the implementation of compliance reviews. She provides ongoing compliance support as well as assisting in the preparation of legal advice, commercial agreements and disclosure documents.