Financial Services Providers (FSPs) who have foreign registration (i.e. by the Financial Conduct Authority in the UK or Financial Services Provider Register in New Zealand) face minimal barriers to entry when providing financial services to Australian Wholesale clients.
ASIC encourages Foreign FSPs, which are regulated by certain overseas regulators, to enter the Australian market and provide financial services to Australian wholesale clients by applying for the relief from obtaining an Australian Financial Services Licence (AFSL) which is currently available to them.
Sarah works with the Compliance Team with a particular focus on compliance and legal services. Sarah also works with the Legal Team providing ongoing assistance in drafting and reviewing documentation as well as legal research. Sarah assists clients with AFSL and ACL applications, variations and also assists in the implementation of compliance reviews. She provides ongoing compliance support in the form of compliance program implementation and reviews.